FASB to fold on mark-to-market. Bruce Krasting.
And does FASB have one more reason to fold?
Seems so, as Mortgage-Gate could be getting serious --- so far, GMAC and JPMorgan have been implicated in foreclosing on mortgages without titles, but quite likely this is endemic, and so will affect the entire mortgage origination industry as more and more of those foreclosed upon begin to challenge the process
Are The 250,000 Foreclosure Sales From Q2 About To Be Reversed, As Fitch Prepares To Downgrade Foreclosure Fraud Companies. zerohedge.
Chris Whalen on banks and mortgages. King World News.
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