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Pingback: Fannie Mae began its marketing efforts with Citigroup Global Markets for its fourth sale of re-performing loans – J & J Ranch Stone Mountain GA
Exactly how many times can you sell a note? Apparently, many times.
The Questions are:
“Judge, does the word “transfer” in the Note mean the same as “sold” in the Mortgage?” (the word transfer is ambiguous)
“Judge, do you see anywhere in the Note & Mortgage where my client gave explicit authorization (UETA statute / eSign) to allow for electronic transfers?”
“Judge, do you see anywhere in the Note & Mortgage where my client agreed to allow rehypothecation?” See http://wp.me/p1H9BR-1Ej
Rehypothecation, an agreement between banks, and securitization are accomplished by electronic transfers.