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Home » Store » Taxable » Wholesalers, Secondary Markets Face Growing Legal Liability Exposure From Primary Market

Wholesalers, Secondary Markets Face Growing Legal Liability Exposure From Primary Market

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Wholesale mortgage lenders and secondary market conduits are coming under increasing pressure as plaintiff attorneys looking for deep pockets continue to expand legal theories of abusive lending practices beyond the subprime market, according to industry experts. The battle over yield-spread premium payments has represented the biggest legal challenge to the wholesale market in its history, according to Michael Agoglia, a partner in the law
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