Rehypothecation – Distorting Legal Principles By Risking Mortgage Loans – Nemo Dat!

Great article. Just more evidence that the big banks and corporations truly do think they are above the law.

Deadly Clear

By Sydney Sullivan and Kenneth Dost

IT’S 3:00 p.m., DO YOU KNOW WHERE YOUR COLLATERAL IS? An enlightening paper every homeowner should read. Written by Christian A. Johnson, Assistant Professor of Law, Loyola University Chicago School of Law. B.A.; MPrA, Utah; J.D., Columbia, 1990

It was Saturday afternoon when a group of us were teleconferencing about foreclosure issues. The focus was on the late assignment of mortgages, when one person said, “…think about it, the Plaintiff Trust says it became the owner of the loan over 3 years after the trust closed… how could it sell certificates to investors for something it did not own?” Great question!

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