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Are you saying then that the originating bank doesn't even have a the note underlying the mortgage?
In some cases it was mortgage brokers.  They were so busy making money that they didn't have time for all of that pesky paperwork.  What could possibly go wrong, anyway.  No one will ever ask for that.  One thing is certain.  We don't have a good handle on just what proportion of loans have been thus mishandled, nor are the banks likely to tell us.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Mar 2nd, 2009 at 04:20:46 PM EST
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