Banks Lose to Deadbeat Homeowners as Loans Sold in Bonds Vanish (February 22, 2008 Article) -- Judges in at least five states have stopped foreclosure proceedings because the banks that pool mortgages into securities and the companies that collect monthly payments haven't been able to prove they own the mortgages. The confusion is another headache for U.S. Treasury Secretary Henry Paulson as he revises rules for packaging mortgages into securities. A Must Read!!
