Why Hundreds of Nearly Identical Bankruptcy Claims Yielded Vastly Different Results in the Aftermath of the Housing Bubble

Bloomberg Why Hundreds of Nearly Identical Bankruptcy Claims Yielded Vastly Different Results in the Aftermath of the Housing ... Bloomberg In late 2006, a Spanish-speaking housekeeper bought a $425,000 property for her son in the scenic town of Richmond, California. Funded entirely with two mortgages from WMC Mortgage Corp.-a senior loan in the amount of $340,000 and a junior lien for ... and more »...(read more)

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