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Ah, some papers are reporting that New York is interested in $22 million in loans to one specific client. 3 million sounds a lot less troublesome.
by chris11 10y ago
Ah, some papers are reporting that New York is interested in $22 million in loans to one specific client. 3 million sounds a lot less troublesome.
- pmorici 10y agoThe total amount of loans sold to the client was $22 million but only $3 million of those didn't conform. The issue at the heart of this is the legal language in the agreement that was shown to the loan applicant when they applied for the loan. It was really a stupid thing for them to fudge and the returned loans have already been snapped up by other clients.