The Ethical Challenge to the Legal Profession in the Era of "Securitization"
Securitization, by definition, means the acquisition of an asset through payment for a security (e.g. “certificate”). If that event has not occurred, then there is no securitization. If the asset is a loan account, then nothing has changed. If nothing has changed then claims regarding REMIC trusts, trusts, and holders of certificates are all false. …
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