Deed in lieu of foreclosure

thousands of dollars in losses to the investor that were reversed or recovered from the servicer: o Foreclosure loan-level examples  M3 211474 and 220599. Foreclosure Management New Mexico redemption. Through audit, RMS identified 2 loans where the servicer allowed redemption in an amount significantly lower than the foreclosure bid. Servicer claimed it was attorney error but showed no evidence to validate it was counsel’s error. On behalf of the investor, RMS “demanded” reimbursement and settled…

Swap (CDS) market was up to 62 trillion by mid-2008. Of the 62 trillion dollars in CDS, 80 percent were reportedly speculative. American International Group (AIG) had sold 440 billion in CDS that were tied to mortgage securities. The company was not required to have a stockpile of reserves or collateral due to their high credit rating. However, rating agencies were paid by the bank or company that they were supposed to be rating, causing ratings to be high. AIG continued to sell these CDS even…