Thursday, November 18, 2010

Mortgage Securitization: Labyrinth of Lies

Dan Edstrom performs securitization audits entailing reverse engineering & failure analysis.
His work typically consists of diagrams & flowcharts.
Over the last year he compiled a chart reverse engineering the mortgage allotted to his families residence.

It details how borrowers are often mislead and taken advantage of.
What's presented to them as simple is far more complex & extensive.

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