Man Makes Ridiculously Complicated Chart To Find Out Who Owns your Mortgage
But just how complicated? The chart below from Zero Hedge shows the convoluted journey a mortgage takes as it morphs into a security.
Dan Edstrom, of DTC Systems, who performs securitization audits, spent a year putting together a diagram that traces the path of his own house's mortgage. "Just When You Thought You Knew Something About Mortgage Securitizations," says Zero Hedge, you are presented with this almost hilariously complicated chart.
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