Peterson Quoted in Financial Times Article on GMAC’s Foreclosure Proceedings

Christopher Peterson, a professor of law at the University of Utah S.J. Quinney College of Law, was quoted in a September 26 Financial Times article, “GMAC Moves on Foreclosures.”

The article deals with GMAC Mortgage’s decision to proceed with foreclosure proceedings using disputed documents. Peterson comments on the financial industry’s “cavailer” approach to documenting mortgage originations and securitizations that took place during the housing boom.