>>This is a clerical matter and not some matter of law. Its like showing up with a lawsuit in which nobody signed the last page attesting that it was written by them. Just sloppiness.<<
I tend to agree with your whole post.
That is, unless this is actually true: “There is no industry repository for mortgage loans. I have heard of instances where the same loan is in two or three pools.”
In that case, the “sloppiness” at all levels could be far more costly than just a well publicised case. The ramifications actually boggle the mind.
I had wondered about the “selling” of the loan. Who in the end has the paperwork for the mortgage?
A friend of mine had his loan sold three times, and each time the new servicer didn’t pay the taxes. He came close to losing his house because of some paper work screw up.
Now he makes sure to pay it himself.