Why don't homeowners get to share in the bounty created by their issuance of paper dubbed "Loan Documents?"

Thanks to one of our paralegals I just discovered an explanation of securitization with which I mostly agree. An interesting question is raised on the link below and that deserves research and analysis — whether the banks should disgorge their enormous profits from the multiple resales of the same loan and pay that, at least in part, to homeowners. In most cases it would pay off the entire loan and possibly a windfall to homeowners instead of the windfall received by the banks who falsely claimed losses in the 2008 crash.

I have suggested this before — years ago. But here is a credible narrative supporting that theory.

Is it a mortgage loan or a license?

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