Comments on: Understanding the Securitization Process and the Impact on Consumer Bankruptcy Cases https://4closurefraud.org/2009/12/30/understanding-the-securitization-process-and-the-impact-on-consumer-bankruptcy-cases/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Sat, 09 Jan 2010 20:02:18 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Foreclosure Fraud https://4closurefraud.org/2009/12/30/understanding-the-securitization-process-and-the-impact-on-consumer-bankruptcy-cases/#comment-157 Sat, 02 Jan 2010 19:12:11 +0000 https://4closurefraud.org/?p=967#comment-157 PSA = Pooling and Servicing Agreement

A Pooling and Servicing Agreement is an agreement for the pooling, i.e. collection, of a large amount of individual loans, and servicing of those loans by a servicer. The most common type of pooling and servicing agreement involves the pooling and servicing of mortgage-backed securities. A mortgage pooling and servicing agreemen describes how pooled loans will be serviced and dictates how proceeds and losses will be distributed to bondholders. They are usually hundreds of pages long…

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]]> By: Twisted Titan https://4closurefraud.org/2009/12/30/understanding-the-securitization-process-and-the-impact-on-consumer-bankruptcy-cases/#comment-156 Sat, 02 Jan 2010 19:02:14 +0000 https://4closurefraud.org/?p=967#comment-156 What is a PSA????

]]> By: TW https://4closurefraud.org/2009/12/30/understanding-the-securitization-process-and-the-impact-on-consumer-bankruptcy-cases/#comment-149 Thu, 31 Dec 2009 02:17:30 +0000 https://4closurefraud.org/?p=967#comment-149 Do you know how FAS and GAAP accounting plays into this? Isn’t there something that needs to happen in order to preserve the REMIC status once a loan is non-performing?

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