Comments on: Securitizing rent has more problems than promise http://blogs.reuters.com/breakingviews/2012/07/26/securitizing-rent-has-more-problems-than-promise/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: QuidProQuo http://blogs.reuters.com/breakingviews/2012/07/26/securitizing-rent-has-more-problems-than-promise/comment-page-1/#comment-10484 Fri, 27 Jul 2012 18:52:30 +0000 http://blogs.reuters.com/breakingviews/?p=13199#comment-10484 Wow. Sounds really risky. I guess I’m not all that savvy regarding all this stuff but just curious as to why there always has to be some new fangled packaged securitized product linked to mortgages, or in this case, defaulted mortgages. Not getting why this isn’t all just playing out without “investors” having to be all over it. Really. How many times are banks going to restructure and repackage the same dang property? I thought the whole purpose of mortgage lending was to RE-LEND the money received on the first loan, not repackage it to investors not even remotely connected to the community where the house mortgaged is. I think it’s getting to be a bit ugly and nasty with the home mortgage securitization and packaging game. But whatever. If one more seriously reckless wallstreet mortgage bond packaging debacle happens, well shame shame on everyone involved. Seems like a bunch of rabid wolves just waiting to attack again. They just can’t wait to get their fangs into some new juicy packaged mortgage product and serve it up to unwitting buyers.

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