Securitized mortgages sound all well and good but too much of the devil is in the details. There’s a bit too much murkiness in the bath water for me to dip my toes in. What happens if they sell these loans to a third party? Are they still secure? Liar loans are prevalent and predominant and it’s going to take quite a while to figure out who is legit. We’re in this mess in large part due to greed creating an over-abundant pool of mortgage-backed securities that were based on “creative” financing imo. Check out this link: