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While the MERS debacle has many borrowers thinking that they may be getting a free house soon, the biggest threat to the banks/servicers comes from the investors who purchased the securities on Wall Street.  Thanks to Kingside, here’s a link to a big class-action suit in the works:

Countrywide MBS Litigation

While these investor lawsuits may seem far-removed from Main Street, they could be big trouble….especially for taxpayers, if another bailout is in store:

From cnbc.com:

The study referred to in the video is included in this story: BofA could be liable for $60B

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