Dirty REMICs, Revisited

Probate & Property Magazine: Volume 27 No. 06

A preeminent real estate lawyer criticizes two law professors for advocating for strict construction of documents and statutes and for thinking too small. And that practitioner was also advocating for a revolution in real estate finance, for sweeping away borrower protections that had been developed over a millennia under our common law system, and for replacing the status quo with an efficient system designed by the financial industry, along the lines of the Mortgage Electronic Recording System.

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