Posted by Marlow Harris under Real Estate
Via Huffington Post
This is so horrifying. But probably common.
Truth is that this is the reality and has been part of the problem of lenders ability to work with troubled borrowers. The loans have been sliced and diced with multiple motives on the investors part.
Sad but true…
Sadly, this graph is not uncommon. Mortgages were pooled together and then sliced and diced into many traches of risk & return.
Wow, this chart is absolutely ridiculous but I’m not surprised. It’s sad that this is how complicated things have gotten.
Your position on complicated chart conforms to that of other authors I encountered, which makes me wonder whether this consencus in pulic opinion signifies the beginning of a new way of thinking. Great information and reference! I appreciate you sharing this with the rest of us Marlow.
HAH it is so funny but true at the same time. Nothing about mortgages is simple any more.
[...] This post was mentioned on Twitter by RealEstate Babble, My REALTY. My REALTY said: Man makes ridiculously complicated chart to find out who owns his mortgage: Via Huffington Post http://bit.ly/c05VhU [...]
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