FT Alphaville » That mysterious missing mortgage note

FT Alphaville » That mysterious missing mortgage note: "That mysterious missing mortgage note
Posted by Tracy Alloway on Nov 22 14:12.

Whoops. Securitisation snafu straight ahead.

The New York Times picked up on small court case — with big implications — over the weekend. According to testimony by a Bank of America executive, and presented as part of a New Jersey bankruptcy judge’s opinion, Countrywide (now part of BofA) may have missed out on a rather important bit of the securitisation process.

From John Kemp vs Countrywide (via Scribd):

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