Foreclosure Scandal’s Cast of Characters

 

Half million dollar house in Salinas, Californ...
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From ProPublica:

The unfolding foreclosure scandal just keeps expanding. Scrutiny first fell on the “robo-signers” who rubber-stamped banks’ foreclosure paperwork [1], but they’re one of the many players who may have contributed to the mess.

To help sort it all out, we’ve drawn up a cast of characters. Let’s start with the basics:

Loan Originators/Mortgage Issuers – Banks make mortgage loans to homeowners, which homeowners must repay. The home serves as collateral in case the borrower defaults on the mortgage.

There’s more…

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