Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage

[Bryan Hancock]

For those wondering how the securitization process works here is a simple (humor..yes) process to demonstrate it:

Securitization Process Simplified

Enjoy! (Bill...I found this on LinkedIn :wink:)

BTW...I escpecially like the "black hole!"

[Bryan Hancock]

Yeah...a lot of stuff like the 1003 are unneeded for sure. I found it entertaining, but I still think the whole process is far too complicated.

We should simply get all of the slicing a dicing out of the way, get Fannie/Freddie out of the market, and let small regional banks lend money to people. If banks fail they fail and there is no need to bail out large banks.

Back to levity though! This thread is getting too serious ;-)