Relevant:
- E-mails Suggest Bear Stearns Cheated Clients Out of Billions
- TIME Asks “Will Bankers go to Jail for Foreclosure-gate?â€
- How will financial institutions make money now that the securitization food chain is broken?
- Wall Street Execs Weigh in on Securitization Accounting
- DeMarco Discusses The New Securitization System Set To Replace Fannie / Freddie
2007-06-11 — dailybusinessreview.com
“Deutsche and others actually are making money because they charge fees to represent investors in foreclosure proceedings. If a loan is sold into the secondary market in a securitization, then the bond owners of the securitization bear the ultimate risk.â€
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