Relevant:
2013-07-18 — banking-business-review.com
``In April 2012, the life insurer filed a case and claimed that the bank was fully aware that home loans underlying the securities were faulty, as the same has also been proved in an independent third party assessment.
Further, the lender also destroyed the documents, which established incapability of borrowers to afford their loans, so that it could negotiate cheaper prices prior to converting the loans into the securities, which MetLife purchased in 2006 and 2007.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
