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Complicated Chart Shows Who Owns Mortgage (CHART)

First Posted: 11/18/10 09:29 AM ET   Updated: 05/25/11 07:15 PM ET

We all know the mortgage securitization process is complicated.

But just how complicated? This chart from Zero Hedge shows the convoluted journey a mortgage takes as it morphs into a security.

Dan Edstrom, of DTC Systems, who performs securitization audits, and who is giving a seminar in California next month, spent a year putting together a diagram that traces the path of his own house's mortgage.

"Just When You Thought You Knew Something About Mortgage Securitizations," says Zero Hedge, you are presented with this almost hilariously complicated chart.

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We all know the mortgage securitization process is complicated. But just how complicated? This chart from Zero Hedge shows the convoluted journey a mortgage takes as it morphs into a security. Dan E...
We all know the mortgage securitization process is complicated. But just how complicated? This chart from Zero Hedge shows the convoluted journey a mortgage takes as it morphs into a security. Dan E...
Filed by Craig Kanalley  | 
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ZFG MORTGAGE
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02:33 PM on 11/18/2010
This info is going to help me on myOklahoma Mortgage
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ghostcommander
131 Fans
10:55 AM on 11/18/2010
Orwellian, I reckon!
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tompoe
237 Fans
10:06 AM on 11/18/2010
Says a lot about the utter failure of the so-called free market system.
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