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Jan W


I have a question regarding something I think that you (maybe) wrote about earlier. If so I wish that you (or someone else) could point me to that article.

It was about the fact that it has been found out that the firms that "produced" the mortgage backed securities (MBS-firm) sent samples of the loans that were included in them to some firm that checked that all formalities were in order. The answer they got was that in a rather high proportion of the loans formalities were not at all in order.

This fact did not stop the MBS-firm from selling the securities – without mentioning this to the customers. Would appear as fraudulent behaviour to me.

Anyway I can’t find this information any more. If you wrote about it could you direct me to where? Or if you otherwise have knowledge and links to this information I would appreciate it.



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