[Sunnyflorida]

“Either a mortgage is delinquent, or it isn’t.”

I wish it were that simple. It is not. These mortgages are bundled and sold and resold and backed by CDSs. It is a good idea to learn more about the problem before coming up with a solution!!

[kenavi]

Securitizations are over-collateralized, that is they are sold at a discount to the principal amount. Either the cash flow from a security is covering its debt service or it isn't.

Next time don't be so churlish.