Standard Operating Procedure: Create more bogus paper on top of piles of old bogus paper and you contribute to the illusion that any of it is real. The “business model” still leaves out the basic fallacy: that most loans were never actually securitized into the trusts that are claiming them. Hence the at the base […]

Tags: Adam Levitin, Fannie, Freddie, GSE, loan contract, RE-REMIC, REMIC
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Everyone is reporting balance sheets with assets that derive their value on one single false premise: that the trusts that issued the original mortgage bonds owned the loans. They didn’t. SUPPORT LIVINGLIES! Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments.  ======================== This article is not a substitute for an opinion and […]

Tags: foreclosure offense, HOLDER, holder in due course, loan contract, mortgage backed securities, RE-REMIC, REMIC, securitization
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