Levin questions if the contract terms were followed.
11/19/2014
https://www.congress.gov...
Now, there was a big appetite for residential mortgages on Wall Street until September 2007, is that true?
Why weren't securitizations halted in 2005, 2006, and 2007 when similar underwriting problems were uncovered?
But by 2005, the problems started erupting again with a surge of early payment defaults.
Shouldn't you have checked to make sure that the fraudulent, tainted mortgages were not part of those securities before you peddled them?