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Dirty REMICs, Revisited

Bradley T. Borden & David J. Reiss, “Dirty REMICs, Revisited,” Probate & Property (2013 Forthcoming)

Brooklyn Law School, Legal Studies Paper No. 347

5 Pages Posted: 20 Jul 2013 Last revised: 13 Oct 2014

David J. Reiss

Brooklyn Law School

Bradley T. Borden

Brooklyn Law School

Date Written: July 19, 2013

Abstract

We review the differences between two visions for the residential mortgage markets, one driven by the goal of efficiency and the other driven by the goals of efficiency and consumer protection. Both visions advocate for structural reform, but one advocates for industry-led change and the other advocates for input from a wider array of stakeholders. Broader input is not only important to ensure that a broad range of interests are represented but also to ensure the long-term legitimacy of the new system. This is a response to Joshua Stein, Dirt Lawyers Versus Wall Street: A Different View, Probate and Property (2013 Forthcoming), which in turn is a response to Bradley T. Borden & David J. Reiss, Dirt Lawyers and Dirty REMICs, Probate and Property 12 (May/June 2013).

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

Suggested Citation

Reiss, David J. and Borden, Bradley T., Dirty REMICs, Revisited (July 19, 2013). Bradley T. Borden & David J. Reiss, “Dirty REMICs, Revisited,” Probate & Property (2013 Forthcoming); Brooklyn Law School, Legal Studies Paper No. 347. Available at SSRN: https://ssrn.com/abstract=2295970

David J. Reiss (Contact Author)

Brooklyn Law School ( email )

250 Joralemon Street
Brooklyn, NY 11201
United States

Bradley T. Borden

Brooklyn Law School ( email )

250 Joralemon Street
Brooklyn, NY 11201
United States

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