have one question, about this, it may seem out of the box, but when (bogus) assignments were made two, three, four and possibly more times, did each assignment reflect the true “value” of the obligation of the mortgage, or was it flipped into an MBS pool with the face value of the actual origination of said mortgage. Understand that there are interest rate variable’s to some of the toxic crap out there, but lets say the average person, made all payments and reduced the principle of the obligation over 3,4,5 years. Would not the actual amount being purchased in a MBS pool by a “Trust” actually have to reflect the true amount in real time of that purchase.
If payment was made to a trust/investor through a CDS based on the “original” loan amount and not the actual value reduced through payments over time would constitute fraud on all levels.
just a thought, look forward to comment’s on this from more knowledgeable people.
have one question, about this, it may seem out of the box, but when (bogus) assignments were made two, three, four and possibly more times, did each assignment reflect the true “value” of the obligation of the mortgage, or was it flipped into an MBS pool with the face value of the actual origination of said mortgage. Understand that there are interest rate variable’s to some of the toxic crap out there, but lets say the average person, made all payments and reduced the principle of the obligation over 3,4,5 years. Would not the actual amount being purchased in a MBS pool by a “Trust” actually have to reflect the true amount in real time of that purchase.
If payment was made to a trust/investor through a CDS based on the “original” loan amount and not the actual value reduced through payments over time would constitute fraud on all levels.
just a thought, look forward to comment’s on this from more knowledgeable people.
Now we’re cooking (the books that is)!!!