Two Faces: Demystifying the Mortgage Electronic Registration System’s Land Title Theory

Christopher Lewis Peterson University of Utah – S.J. Quinney College of Law Date posted: October 01, 2010 Abstract: Hundreds of thousands of home foreclosure lawsuits have focused judicial scrutiny on the Mortgage Electronic Registration System (“MERS”). This Article updates and expands upon an earlier piece by exploring the implications of state Supreme Court decisions holding … Read more

Explaining the Housing Bubble – A Georgetown University Law Center Paper

Explaining the Housing Bubble Adam J. Levitin Georgetown University Law Center Susan M. Wachter University of Pennsylvania – The Wharton School – Real Estate Department August 31, 2010 Georgetown Law and Economics Research Paper No. 1669401 Georgetown Public Law Research Paper No. 1669401 U of Penn, Inst for Law & Econ Research Paper Forthcoming Abstract: … Read more

Explanation of Securitization

Just added this fascinating explanation of the securitization process to the securitization tab… I do not know who the author is but it is well worth the read… The author of the document is Richard F. Kessler Documentary Clearing House LLC. 941-924-5608, Published with consent of  author Explanation of Securitization Introduction Securitization takes … Read more

Father of Mortgage Backed Securites Lewis Ranieri: Securitization is Not the Villain

Ahhh but I say yes it is. He claims that the abuse of securitization is to blame. Well, I say if it is abusable, then securitzation IS to blame. “Securitization is not the villain. Abuses in securitization are to blame,” Mr. Ranieri wrote. In Mr. Ranieri’s view, the practice he invented wasn’t the culprit in … Read more

Securitized Assets – Excellent Presentaton on Financial Management of Structured Products

Financial Management of Structured Products โดยสมาคมนักวิเคราะหห์หลักทรัพย ์ สมาคมตลาดตราสารหนี้ไทย และ สำานักบริหารหนี้สาธารณะ กระทรวงการคลัง Bangkok Convention Centre at CentralWorld 1. Introduction to Securitization 2. Introduction to CDOs 3. Credit Derivatives • Definition • Credit Default Swap: A Building Block of Synthetic CDO • ISDA Credit Derivatives Definition 4. CDO Structures • Balance Sheet CDO, STCDO, CDO^2, ABSCDO, Hybrid … Read more


I have been an attorney for over 25 years.  I have been practicing foreclosure defense law for two years or more.  I am just as passionate about protecting the rights of the homeowner today as I was when I started.  I have often asked myself why.  The answer is here. Congress acted to break the … Read more

Securitization, Mortgage-Backed Securities, Collateralized Debt Obligations, and Credit Default Swaps

From Wikipedia, the free encyclopedia Securitization is a structured finance process that distributes risk by aggregating debt instruments in a pool, then issues new securities backed by the pool. The term “Securitisation” is derived from the fact that the form of financial instruments used to obtain funds from the investors are securities. As a portfolio … Read more

Riding the Stagecoach to Hell in an Empty Wagon

Found this over at Daily Paul. Riding the Stagecoach to Hell in an Empty Wagon O. Max Gardner III January 1, 2010 How did we get on this wild economic ride and how will it all end are the two primary questions for the first day of this New Year. There is certainly no clear … Read more