Comments on: A fine mess… http://www.footnoted.com/subprime-mess/a-fine-mess/ Morningstar's guide to what's hiding in SEC filings Sat, 04 Feb 2012 00:16:39 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: David J Phillips http://www.footnoted.com/subprime-mess/a-fine-mess/comment-page-1/#comment-3843 David J Phillips Fri, 16 Nov 2007 03:51:06 +0000 http://www.footnoted.com/subprime-mess/a-fine-mess/#comment-3843 "40 percent of the creditors foreclosing on borrowers did not show proof of ownership. Such proof gives a creditor standing to foreclose against a borrower and is required by law." Great find, Michelle! A reminder that it is still too early to 'nibble' at either banking & homebuilder stocks. Regards, David J. Phillips “40 percent of the creditors foreclosing on borrowers did not show proof of ownership. Such proof gives a creditor standing to foreclose against a borrower and is required by law.”

Great find, Michelle! A reminder that it is still too early to ‘nibble’ at either banking & homebuilder
stocks.

Regards,
David J. Phillips

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