IMHO – the passing around of mortgage loans is nothing but money laundering and/or cooking the books to give a company’s financial overview a fake sense of viability at the homeowners’ expense.
(BREAKING NEWS, OP-ED)– The author of this post is a paralegal and consultant to attorneys on foreclosure defense and consumer issues. The case posited above is for your educational benefit only and any commentary presented here does not portend to convey any legal advise whatsoever.
The U.S. District Courts never cease to amaze this author given the blatant facts and allegations presented by the Plaintiff (Gross) in his FCRA case against CitiMortgage, Inc. The lower court justices nearly always rule for the banks no matter what. Could it be because the federal judges are vested in these banks and are conflicted out? This is why Judicial Watch puts out a list of financial records (those that have been obtained) of the federal court system’s judges’ for all to see and review (at the following link): https://www.judicialwatch.org/judge. And the cause and effect situation expressed here is exactly…
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Deadly Clear 
Good post.