"By the end of 2009, private mortgage-backed securities trusts - TopicsExpress

"By the end of 2009, private mortgage-backed securities trusts held one-third of all residential mortgages in the U.S. That means that tens of millions of home mortgages worth trillions of dollars have no legitimate underlying owner that can establish the right to foreclose. This hasn’t stopped banks from foreclosing anyway with false documents, and they are often successful, a testament to the breakdown of law in the judicial system." salon/2013/08/12/your_mortgage_documents_are_fake/

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