COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary
The essential component of every loan that was never revealed to either the lenders (investors) nor the borrowers (homeowner/investors) was the addition of co-obligors and terms that neither the investor nor the borrower knew anything about. The "insurance" and other enhancements were actually cover for the intermediaries who had no money at risk in the loans, but for the potential liability for having defrauded the lenders and borrowers.
After centuries of lending money and preparing loan documents i...