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Loan Modification

: Mortgage Lender Implode-o-Meter

Securitization: Advanta and the Fiction of True-Sale

By Implode-Explode Heavy Industries

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" Below is a comment by LSU Professor Joseph Mason and Eric Higgins on the evolving situation in the securitization market. While the folks at the Fed and Treasury pretend that they can breathe life back into the private label securitization market, the legal underpinnings of this OTC market are disintegrating under the weight of mounting losses and falling cash flow"

Full post as published by Mortgage Lender Implode-o-Meter on May 24, 2009 (boomark / email).

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