THE BASIS POINT

Area man creates ‘Mortgage Securitization Made Simple’ FLOWCHART

 

An area man created this flowchart to figure out how is mortgage was securitized. No he’s not Rube Goldberg, and this isn’t from The Onion. He’s a securitization auditor named Dan Edstrom and ZeroHedge has more. Click chart for full size.

 

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