A lawsuit filed on behalf of investors in private-label - TopicsExpress

A lawsuit filed on behalf of investors in private-label residential mortgage-backed securities has made its way to a federal court in California. Defendants include the company that has been peddling the use of eminent domain to seize performing loans and a California city that has already started offering discounted prices for securitized loans. The first batch of offers are discounted by as much as 89 percent of the current balances. mortgagedaily/LawsuitEminentDomain080813LP.asp

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