KA-BOOM! INVESTORS FILE SUIT: Bank of America, Countrywide and named executives committed “MASSIVE” SECURITIES FRAUD related to Mortgage-backed Securities

``So, if the investors that are supposed to own the loans that are supposed to be assigned to the trusts say the notes were never assigned to them, and therefore they say they don’t have the right to foreclose… how can the servicers keep foreclosing? Maybe these loans are actually unsecured debt that can be discharged in bankruptcy. Maybe there are going to be some homes free and clear after all… I’m not saying there will, but I’m sure not saying there won’t be at this point.''