An epidemic of lying

Filed under: Property — Wrote by Sam on Wednesday, May 28th, 2008 @ 1:17 pm

Meet WMALT 2007-OC1. W, for short, is a pool of mortgages collected by Washington Mutual and sold to investors in May, 2007. These were not subprime mortgages. The average credit score was 705. But something has gone very wrong. At…

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