I wonder how many time this situation has come up: banks or the holders of mortgages cannot establish clear title of ownership of the debt instrument, given that the original mortgage has been bundled or resold multiple times. I bet there are situations where the supposed mortgage holder does not even know where the house is located. The debtor should not be rewarded for non payment nor should the mortgage holder be rewarded if they failed to do proper due diligence and legal filings to protect their legal interests.
Not possible they can print up the paper they need as fast as the Fed prints money and then all they have to do is swear that it is true and accurate and have somebody any body sign them.
The mortgage holder shouldn’t be artificially propped up to eliminate their risk. If they can’t be bothered to ensure the title to the property is properly handled then the property should be removed as support for the loan.