Dan Edstrom does "securitization audits".
Basically he analyzes the history of transactions concerning a given mortgage and note from the moment it's signed through it's sale, securitization and hopeful payoff ................. or foreclosure.
Here's the chart for Dan's own mortgage.
I clicked on the small version and then again to enlarge it to it's full size, thinking I'd follow it all the way through it's history.
I'm not gonna lie to you, I quit after about three seconds.
I'm thinking now that this debacle has no chance of resolution outside of default, foreclose and bankruptcy, and by that I mean both individually and at the level of the subsequent securitized instruments.
From Zero Hedge, which is of the sites I skulk, easily both the toughest read and the toughest to join.
On the positive side, it's free.
It is also consistently among the most rewarding of the sites I frequent if one is prepared to grind some.
Click the chart below for the Zero Hedge site and the story.
The sordid journey of just one mortgage.