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That rush, they say, allowed for the shoddy documentation that is expected to become evidence for homeowners in the coming court battles.
While many earlier programs tried and failed to curb the number of foreclosures, the uproar and outrage over shoddy documentation procedures at some lenders make success much more likely.
Similar(58)
Goldman's own employees reviewed the loans and flagged them for "extremely aggressive underwriting" practices — meaning New Century's employees were selling mortgages to buyers who couldn't afford them, using shoddy documentations, and dubious financial models.
Shoddy defending, shoddy finishing.
Bit shoddy.
Shoddy materials.
The housing is shoddy.
Frustrated with shoddy journalism?
Also, its construction was shoddy.
Service tends to be shoddy.
Documentation helps.
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