The problem with all this is that the REMIC Trust never received the proceeds of sale of the MBS and therefore could not have paid for or purchased any loans. It had no assets. And THAT is why the Trust never shows up as a Holder in Due Course (HDC).  HDC is a very strong […]

Tags: foreclosure defense, foreclosure offense, fraud, HOLDER, holder in due course, rights to enforce, securitization, UCC
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