FORECLOSURE DEFENSE: MEMO ON SINGLE TRANSACTION — DISCUSSION AT WORKSHOP IN SANTA MONICA

1 Comment / CDO, currency, Eviction, foreclosure, GTC | Honor, Mortgage / By

In the homeowner’s war, the battlefield is taking shape, A prime area of engagement is whether the securitization process represents a series of independent transactions (lender’s position) or that all the transactions should be aggregated (BORROWER’S POSITION) and treated as a single transaction. For reasons explained more fully below, it is our opinion that the …

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