Secondary Mortgage Market Wants Clarity in Subprime Assignee Liability Provisions
June 25, 2004
Secondary marketers appear convinced that assignee liability provisions have become a permanent fixture of the subprime marketplace, as state and local lawmakers look for new ways to crack down on abusive lending. And in an example of the old adage of joining them if you can’t beat them, Wall Street says it’s now ready to shoulder some of the load.