Home > Uncategorized > Boing Boing – Who owns your mortgage, the mind-croggling flowchart edition

Boing Boing – Who owns your mortgage, the mind-croggling flowchart edition

From Boing Boing:

Who owns your mortgage, the mind-croggling flowchart edition

Cory Doctorow at 9:36 AM Sunday, Nov 21, 2010

This insanely complex chart represents securitization auditor Dan Edstrom’s best attempt to figure out who actually owns his mortgage: “The following flow chart reverse engineers the mortgage on the Ekstrom family residence. It took Dan over one year to take it this far and it clearly demonstrates what happens when there are too many lawyers being manufactured.”

Just When You Thought You Knew Something About Mortgage Securitizations (Thanks, Mr. Tough!)

Advertisements
Categories: Uncategorized Tags:
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: