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Home » Store » News » Bill Aims at Rotten Apples in New York Secondary Market

Bill Aims at Rotten Apples in New York Secondary Market

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Compliance issues in the primary mortgage market are beginning to spill over into the secondary market in New York, where pending legislation threatens to put market players on the hook for lender or broker misdeeds. Wall Street is asking lawmakers to reject A.B. 7828, which would hold assignees of high-cost mortgage loans made in New York liable for any violations committed by the originator of the loan.
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