Thursday, April 15, 2010

Investor Sues to Block Mortgage Modifications

The battle over the mass modifications of troubled mortgages has begun in earnest. On Dec. 1, William Frey, a private investor in mortgage-backed securities, filed an unprecedented lawsuit in U.S. District Court in the Southern District of New York alleging that the proposed modification of some 400,000 home loans originally underwritten by the def

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