This two-day seminar replay breaks down the true mechanics of modern mortgage finance using accounting, case law, and real transaction structure. It is designed to show where mortgage transactions often fail, how those failures occur, and what that means for enforcement, ownership, and compliance.
What You’ll Learn:
The accounting structure behind mortgages (notes, payments, and ledger treatment)
How mortgage loans are transferred and recorded on financial statements
Step-by-step breakdown of the securitization process
How residential mortgages are pooled and converted into investment instruments
Key failures in mortgage transfers and enforcement breakdowns
Analysis of Horace v. LaSalle National Bank and what it reveals about missing or defective assignments
REMIC structure and requirements under the tax code
The 90-day rule, qualified mortgages, and trust formation standards
Consequences of violating REMIC rules and improper transfers
This seminar provides a clear, structured understanding of how mortgages are supposed to function versus what actually happens in practice, giving you the ability to identify breakdowns and understand their impact on homeowners, courts, and investors.
This replay focuses on the structure and transfer of mortgage loans, breaking down how endorsements and assignments determine who has the legal right to enforce a note. We will cover how endorsements function under UCC Article 3 and how assignments interact with UCC Article 9, along with the role of Pooling and Servicing Agreements (PSAs) and REMIC requirements.
You’ll learn how to identify gaps, inconsistencies, and potential issues within loan documents, including broken chains of title and improper transfers. This class is designed to give you a clear, practical understanding of how these instruments are supposed to work—and what it means when they don’t.
What this class includes:
• What endorsements and assignments really are
• How UCC Articles 3 and 9 apply to your loan
• Why assignments matter under the REMIC tax code
• What to look for inside a Pooling and Servicing Agreement
• The different types of endorsements and how a mortgage should be assigned properly
• Case law that helps you challenge void assignments
This two-day seminar replay provides an in-depth examination of what happens after a mortgage loan is originated, transferred, pooled, securitized, serviced, and ultimately placed into foreclosure.
We will break down the foreclosure process from beginning to end, identify the parties involved, and examine the documents used to establish ownership and enforcement rights.
Topics will include:
How mortgage loans are transferred into securitization trusts
The roles of originators, sponsors, depositors, trustees, servicers, custodians, and foreclosure firms
How securitization structures may generate returns many times greater than the initial investment
Promissory notes, endorsements, allonges, assignments, and chains of title
Lost-note affidavits and attempts to enforce notes that cannot be produced
Robo-signing, fabricated assignments, false affidavits, and other documented foreclosure abuses
The difference between servicing a loan, owning the debt, holding the note, and possessing enforcement rights
Participants will receive a practical introduction to researching their own mortgage loan and building a document-based securitization audit. We will cover:
How to identify whether a loan may have been included in a mortgage-backed security
How to search SEC filings and public databases using the lender, loan dates, property information, and other available identifiers
How to locate a possible securitization trust, prospectus, prospectus supplement, and Pooling and Servicing Agreement
How to identify the trust’s closing and cutoff dates
How to examine mortgage loan schedules and available loan-level data
How to research recorded assignments and compare them with trust documents
How to trace the claimed chain of transfers from the originator to the depositor and trustee
How to compare endorsements, allonges, assignments, servicing notices, and court filings
Which documents are needed to build a complete audit file
How to organize the documents into a clear transfer and foreclosure timeline
How to identify missing records, conflicting dates, questionable signers, inconsistent parties, and other potential red flags
The goal is not simply to teach theory. By the end of this seminar, participants should have a stronger foundation for analyzing their own mortgage and foreclosure records, locating important securitization documents, recognizing inconsistencies, and asking better questions.
Participants will leave better prepared to make informed decisions, communicate effectively with qualified professionals, and protect their interests when responding to mortgage-servicing or foreclosure activity.
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