tag:blogger.com,1999:blog-1752027331714385066.post8639374210022662374..comments2024-03-19T14:38:21.141-07:00Comments on Terra Forming Terra: Did the Other Shoe Just Drop? Big Banks Hit with Monster $250 Billion Lawsuit in Housing Crisisarcleinhttp://www.blogger.com/profile/05942529252160087271noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1752027331714385066.post-47294741875491416762014-08-07T17:17:05.484-07:002014-08-07T17:17:05.484-07:00The borrower is a party to the securitization per:...The borrower is a party to the securitization per:<br />Comptroller of the Currency<br />Administrator of National Banks<br />Asset Securitization, Comptroller’s Handbook November 1997.<br />Exhibit 1: Parties Involved in Structuring Asset-Backed Securities<br />Borrower: The borrower is responsible for payment on the underlying loans and therefore the ultimate performance of the asset-backed security. Because<br />borrowers often do not realize that their loans have been sold, the originating bank is often able to maintain the customer relationship.<br />http://www.occ.gov/publications/publications-by-type/comptrollers-handbook/assetsec.pdfFemamaxhttps://www.blogger.com/profile/13486472412394359456noreply@blogger.com