This insanely complex chart represents securitization auditor Dan Edstrom's best attempt to figure out who actually owns his mortgage: "The following flow chart reverse engineers the mortgage on the Ekstrom family residence. It took Dan over one year to take it this far and it clearly demonstrates what happens when there are too many lawyers being manufactured."
Just When You Thought You Knew Something About Mortgage Securitizations
(Thanks, Mr. Tough!)
"Proactive credit line increases" (PCLIs) are when your credit card company increases your credit limit without your asking for it; it was very common prior to the 2008 crisis, but… READ THE REST
Elena Botella worked at Capital One — one of the US's leading issuers of subprime credit-cards — for three years; in a fascinating first-person account, she describes how Capital One's… READ THE REST
New York City's "marshal" service is a throwback to the Dutch colonial days; the 35 marshals are appointed by the mayor, draw no salary, and earn their livings by skimming… READ THE REST
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TL;DR: Save over $350 on a refurbished Apple iPad Pro 10.5" 256GB, plus a free accessories bundle, with this sweet deal on sale for just $315.99 right now. Tech fans, it's time… READ THE REST
TL;DR: The perfect last-minute holiday gift for an aspiring rocker, the 2024 Guitar Lessons Training Bundle is only $15.97 (Reg. $480) until 11:59 PM on 12/25. It's really never too late to make… READ THE REST
