Adam Levitin: The Big Fail — SECURITIZATION NEVER OCCURRED (via Livinglies's Weblog)

NOTABLE QUOTES: This opinion could turn out to be incredibly important.  It provides a critical evidence for the argument that many securitization transactions simply failed to be effective because non-compliance with the terms of the transaction:  failure to properly transfer the mortgage meant that the mortgages were never actually securitized. The Big Fail posted by Adam Levitin Last week the US Bankruptcy Court for the District of New Jersey … Read More

via Livinglies's Weblog

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Author: timothymccandless

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