Dan Edstrom and Professor Catherine Porter on SCPR.org 1:40pm Pacific 3:40PM Eastern TODAY!

Professor Catherine Porter from Harvard University did the seminal 2007 study on foreclosure documentation while she was at the University of Iowa. Her study can be found on this blog. In that study she found that out of several thousands cases, the “note” was reported lost or destroyed by the pretender lenders. It was this finding that led me and others to our further investigations which revealed that the the problem with documentation was deeper and more widespread than anyone could have realized.

Dan Edstrom is the Senior Securitization Analyst for LUMINAQ, Livinglies, and DTC Systems. It was his investigation and analysis that revealed numerous discrepancies between the representations made by pretender lenders and the facts being reported to investors. Those discrepancies allowed us to conclude that the true facts of each obligation, note and mortgage (or deed of trust) were at substantial variance from the recitals on those documents and the representations made by Trustees, counsel for pretender lenders and others.

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