ML-Implode News - The Securitization Curtain is Lifting in Hawaii!

... this was a New Century Mortgage (Home123) and the Plaintiffs were taking part in a fabricated assignment in 2009 to a 2007 Trust... (that boat had sailed 2 years before because theTrust had long since closed) -- but even more compelling in the Motion to Dismiss-MemorandumÂ was the Williamses assertion that New Century aka Home123 was in a liquidating bankruptcy as of August 1, 2008 and they had nothing to assign in January 2009.
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We're connecting the dots, people with above average intelligence are realizing, just like Judge Seabright, that there are huge schemes behind the scenes of an everyday mortgage that the borrower never intended to participate in... and eventually we'll know whether the application for a mortgage started the securitization process before the borrower signed the note making them securities with no disclosure...

Relevant:

The Securitization Curtain is Lifting in Hawaii!