The Massachusetts court ruling has been misunderstood in that homeowners aren't going to win...

|By:, SA News Editor

The Massachusetts court ruling has been misunderstood in that homeowners aren't going to win forgiveness merely because a loan was mishandled, Chris Whalen says, but investors still face "hundreds of billions" in losses on mortgages where the note was not delivered or done so in a "haphazard or negligent fashion. These claims could kill some of the top banks."