BANKS FACE TWO-FRONT WAR ON BAD MORTGAGES, FORECLOSURES Shoddy mortgage lending has led bankers into a two-front war, pitting them against U.S. homeowners challenging the right to foreclose and mortgage-bond investors demanding refunds that could approach $200 billion, Bloomberg News reported today.

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(Bloomberg) – Shoddy mortgage lending has led bankers into a two-front war. On one front, U.S. homeowners are challenging the banks’ right to foreclose because of sloppy paperwork. On the.

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