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News Link • Housing

Man makes ridiculously complicated chart to find out who owns his mortgage

• Huffington Post

We all know the mortgage securitization process is complicated.

But just how complicated? The chart below 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, spent a year putting together a diagram that traces the path of his own house's mortgage. 

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