wrong. you have missed the point. they created the vehicle then went in search of the loans. the sequence is critical. your textbook description is naive.
Not to be mean but this is not very helpful and does not tell it like it is so that people can be helped to stop foreclosures or get back their homes. First it is backwards. This is the most important thing to understand!!! The SPV's are created and rated and sold long before the mortgages are created!!! Why is that important? Because it means the mortgage is a fraud!! because you can not sell something you don;t have!! and it is evidence that the banks (originators) can not foreclose!
Why speak english and the idian its confusing
LetsCook2gether 2 months ago
Hello sir You explained very nicely and easily......thanks lot.....& for uploading too.
muktanand641098 3 months ago
you are great sir. Your lecture is very simple and very deep informative.
svtuition 6 months ago
wrong. you have missed the point. they created the vehicle then went in search of the loans. the sequence is critical. your textbook description is naive.
desertrun 10 months ago
sir thank you
gagandeepsabharwal89 10 months ago
Not to be mean but this is not very helpful and does not tell it like it is so that people can be helped to stop foreclosures or get back their homes. First it is backwards. This is the most important thing to understand!!! The SPV's are created and rated and sold long before the mortgages are created!!! Why is that important? Because it means the mortgage is a fraud!! because you can not sell something you don;t have!! and it is evidence that the banks (originators) can not foreclose!
youarecretorcreating 10 months ago