Gretchen Morgenson: A Mortgage Tornado Warning, Unheeded

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Gretchen Morgenson: A Mortgage Tornado Warning, Unheeded

Gretchen Morgenson: A Mortgage Tornado Warning, Unheeded

From my own personal experience and 20 years of research and investigation, nothing — and I mean nothing — that a bank, lender, loan servicer or their lawyer says or puts on paper can be trusted and accepted as true,” Mr. Lavalle said.

NYT-

YEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.

His name is Nye Lavalle, and he first came to attention not in finance but in sports and advertising. He turned heads in marketing circles by correctly predicting that Nascar and figure skating would draw huge followings in the 1990s.

[FAIR GAME NYT]

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