Securitization -real property mortgage loans, packaged, bundled and sold to investors.
This could have happen months after your loan closed or immediately after; the relationship in most cases was already established, no real Dollars even moved.
Investors such as Merrill Lynch, Goldman Sachs, Countrywide; as a common practice sold or purchased pools (large blocks) of loans and placed them into Trusts or REMICs (Real Estate Mortgage Investment Conduits) and shares of those were/are then sold to other investors.
THIS IS CALLED SECURITIZATION. It's the process by which real property mortgage loans are bundled and sold to investors. Bank of America, Wells Fargo Bank, DeutscheBank, US Bank and others still do.
Finding out what happened to your Mortgage or Trust Deed (Home or Commericial Loan), where it went and into which investment vehicle it landed, can be important in foreclosure litigation and defense against lenders, especially for properties located in Mortgage States (Judicial-Foreclosure states).
In Trust Deed States (Non-Judicial Foreclosure states), our technology can be useful in bankruptcy defense(a Simi-Judicial Process), and it can provide the basis for evidentiary hearings or directed discovery. If your Home has already gone to Trustee Sale it can be useful in Unlawful Detainer Defense Proceedings. In most cases as total defense to remain in possession of your home.
This excellent diagram from the Denver Post breaks the process down into discernable pieces.
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If you are a Real Estate Attorney, Realtor specializing in Short Sales or otherwise have need to obtain document proof on the "holder in due course" of your client's Mortgage Note and its securitization history, our Mortgage and Investment Pool Securitization Analysis Report will provide you the most comprehensively documented audit analysis available.
