Major banks and related mortgage service businesses are living through a nightmare that seems endless. No doubt leaders of these institutions want to wake up and put it all behind them, but the news just gets worse. I last wrote about the foreclosure fiasco six months ago, and it's worth taking a look at what has transpired since.
In my column from December, I wrote about the billions of dollars institutions lost on bad home mortgages and how much more was at risk when they realized they didn't have proper paperwork to prove ownership of properties on which they were trying ...