What attorneys and judges need to recognize is that securitization begins with the Fannie patented 1003 loan application. Collateral was solicited and procured to fill pre-existing contracts and agreements that the banks already had in place and operating BEFORE the borrower signed the faux mortgage and note documents.

The homeowner unwittingly participated in a securities transaction. Without his collateral the entire transaction could never have been completed.

The incredible people that found the patents in the last decade knew that the securitization system was pre-existing BEFORE signatures ever hit the page.