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If you want to understand a little bit about mortgage securities, read the attached case, which illustrates how the big players in this country play fast and loose with mortgages and mortgage foreclosures.
http://www.reba.net/images/UserFiles/File/enews/384283_Ibanez%20Larace%20motion%20to%20vacate%20memorandum%20Oct2009Misc%20384283%20and%20Misc%20386755.pdf
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