Thursday, February 16, 2012

Read the San Francisco Assessor's Audit on Mortgage Compliance.

It is jaw-dropping.  Among other things, around 30 percent of the foreclosed loans sampled from San Francsico have a minimum of three clear compliance issues. 

One should not draw inferences about the rest of California from San Francisco alone--so it is time to replicate the study for some other counties. 

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