Hey my fellow foreclosure fraud fighers - you are investors too - TopicsExpress

Hey my fellow foreclosure fraud fighers - you are investors too and you invested much more in your homes and then in this fight for justice! "But the case, being heard by Justice Barbara R. Kapnick, extends far beyond the impact of the settlement on Bank of America’s balance sheet. It is also laying bare an industry practice that has put investors in mortgage securities at a disadvantage and reduced their financial recoveries in the aftermath of the home loan mania. The practice at issue involves trustee banks overseeing the vast and complex mortgage pools bought by pension funds, mutual funds and others. Trustees like Bank of New York Mellon were paid by investors to make sure that the servicers administering these mortgage deals, known as trusts, treated them properly. Trustees receive nominal fees — less than a penny on each dollar of assets — for the work." nytimes/2013/06/16/business/in-countrywide-case-watchdogs-without-any-bark.html

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