Part 1
Securitization is the 3rd of a series of teach-ins on Foreclosure Fraud given by attorney Lynn Szymoniak and fraudclosure activist Lisa Epstein. In the first part of the Securitization section, Lynn talks about RMBS trusts, which own most of the mortgages in the U.S.
Part 2
Lynn talks about the laws involved in RMBS trusts.
Part 3
Lynn explains the roles of the various parties involved in the securitization process.
Part 4
Lisa Epstein talks about fraudulent mortgage documentation in Palm Beach County.
Part 5
Lisa follows the money trail and talks about the continuing criminal enterprise of the mortgage industry.
Link to the 100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION document can be found here…
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Because many banks were pushing minority borrowers into expensive subprime loans, even if they qualified for standard mortgages.
Banks “engaged in a pattern of unfair and deceptive practices” and made “false or fraudulent” subprime loans