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Mortgage Securities Mess Visualized

Thu Nov 18, 2010 8:16 pm

So a securitization auditor from California has come up with a flow chart chronicling the circuitous path a mortgage takes as it is passed from party to party, interest to interest on its way to being securitized - and lo and behold, the thing is a frackin' mess. Is this really how we want to be going about this process?
If you need someone to blame / throw a rock in the air / you'll hit someone guilty

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