Abstract

http://ssrn.com/abstract=2360629
 


 



Dirt Lawyers and Dirty REMICs: A Debate


David J. Reiss


Brooklyn Law School

Bradley T. Borden


Brooklyn Law School

Joshua Stein


Joshua Stein PLLC

November 27, 2013

Probate & Property, Volume 27, No 3 © 2013
Brooklyn Law School, Legal Studies Paper No. 361

Abstract:     
In mid-2013, Professors Bradley T. Borden and David J. Reiss published an article in the American Bar Association’s PROBATE & PROPERTY journal (May/June 2013, at 13), about the disconnect between the securitization process and the mechanics of mortgage assignments. The Borden/Reiss article discussed potential legal and tax issues caused by sloppiness in mortgage assignments.

Joshua Stein responded to the Borden/Reiss article, arguing that the technicalities of mortgage assignments serve no real purpose and should be eliminated. That article appeared in the November/December 2013 issue of the same publication, at 6.

Stein’s response was accompanied by a commentary from Professors Borden and Reiss, which also appeared in the November/December 2013 issue, at 8.

Number of Pages in PDF File: 11

Keywords: mortgage-backed securities, MBS, Real Estate Mortgage Investment Conduit, REMIC, dirt lawyers, MERS

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Date posted: November 29, 2013 ; Last revised: December 9, 2013

Suggested Citation

Reiss, David J. and Borden, Bradley T. and Stein, Joshua, Dirt Lawyers and Dirty REMICs: A Debate (November 27, 2013). Probate & Property, Volume 27, No 3 © 2013; Brooklyn Law School, Legal Studies Paper No. 361. Available at SSRN: http://ssrn.com/abstract=2360629

Contact Information

David J. Reiss
Brooklyn Law School ( email )
250 Joralemon Street
Brooklyn, NY 11201
United States

Bradley T. Borden (Contact Author)
Brooklyn Law School ( email )
250 Joralemon Street
Brooklyn, NY 11201
United States

Joshua Stein
Joshua Stein PLLC ( email )
59 East 54th Street
Suite 22
New York, NY 10022
United States
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