Mortgage Securitization Flowchart

This is how one mortgage—the mortgage of the creator of this chart—was securitized. It’s simple, really. Or not. Here’s the big-enough-to-read version, if you think that will help.

Don’t miss the black hole:

(Thanks, Consumerist!)

  • dave

    is the same for credit cards? i think one should be able to use the securtitization defense in CC lawsuit brought by the OC