Dan Edstrom performs securitization audits for a company called DTC Systems. According to the Zero Hedge website, that means Edstrom "reverse engineers" mortgages. Edstrom drew up a flow chart reverse engineering one family's mortgage and then shared it with Zero Hedge. Now this remarkable piece of work is making the rounds of the Internet. Here's a look:
Click here for more on the chart, and to see a larger version.
11-19-2010 2:56 PM