About Those Notes...Evidence of Securitization Fail
About Those Notes...Evidence of Securitization Fail
June 7, 2011, Credit Slips
Since last October, shortly after the robosigning scandal broke, I've been talking until I turned blue in the face about robosigning being the tip of the iceberg with mortgage problems and that the real issue was chain of title. Robosigning appeared to be an almost unexpected deposition by-product; the real goal in the depositions that uncovered the robosigning was exposing the backdating of mortgage endorsement. And that they did--the notaries' whose seals were on the documents didn't have their commissions when the assignments supposedly took place.
Harvard University’s Annual Housing Report
June 7, 2011, Boston Globe
A growing number of people are living in rented homes, helping to drag the national homeownership rate below 67 percent, the lowest it has been since 1998, according to a study released yesterday. The report, by Harvard University’s Joint Center for Housing Studies, showed that more people are renting homes either by choice or necessity, resulting in higher rents at a time when incomes are strained.