Relevant:
- Bringing Up the Rear: Tom Deutsch, Executive Director, American Securitization Forum
- Pimco Said to Quit Trade Group After Foreclosure-Deal Silence
- American Securitization Forum Outlinines Procedures for Servicers to Follow in Streamlining Loan Modifications
- Securitization Shouldn't Be the Government's Business
- Securitization Group Launches Code to Track Loans
2009-02-18 — msn.com
Tom Deutsch, deputy executive director of the American Securitization Forum, a group that represents banks, law firms and investors, dismissed the strategy as merely a stalling tactic, saying homeowners are "making lawyers jump through procedural hoops to delay what's likely to be inevitable."
When it comes to the banks, there is almost unlimited tolerance for failure to due basic diligence. As we all know, those standards don't apply to small-time defendants.
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