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Real Estate & Property Law

: The Home Equity Theft Reporter

The PSA & "The Alphabet Problem" In ?Proving Up? Unbroken Chain Of ?Assignments & Transfers? Of Notes, Mortgages In Foreclosure Defense Litigation

By r morris

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Consumer bankruptcy litigation attorney O. Max Gardner III writes:The Pooling and Servicing Agreement (PSA) is the document that actually creates a residential mortgage backed securitized trust and establishes the obligations and authority of the Master Servicer and the Primary Servicer. The PSA also establishes that mandatory rules and procedures for the sales and transfers of the mortgages and

Full post as published by The Home Equity Theft Reporter on August 10, 2010 (boomark / email).

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