The Journey a mortgage takes to get "Securitized"

The chart, entitled “Dan & Teri Securities Transaction Process Reverse Engineered 4.1,” traces the complex and convoluted path that one mortgage took on the path to securitization. It first appeared on financial blog Zero Hedge.

Dan Edstrom — who performs securitization audits for a company called DTC-Systems — spent more than a year reverse-engineering his own family mortgage in order to produce the chart.

VIEW ORIGINAL HERE