Who's who in the mortgage foreclosure mess

As detailed in earlier posts much of the current scandal does not directly impact Michigan homeowners due to the fact that most foreclosures in this state proceed by advertisement rather than judicial action.  Many mortgagors, however, have questions about what the problem is in other states and why banks have place a temporary halt to foreclosure actions.  The attached article summarizes the situation nicely and explains the role played by various entities in the foreclosure fraud.