COMMENT:
I had the privilege of watching parts of the Farkas trial. Much discussion was devoted to the structuring of financial deals, including securitization of mortgage loans and issuance of mortgage backed securities. Issues addressed included what is a warehouse lender, what is a funding conduit, etc.
That is why I recommend to anyone interested in securitization research to check out materials from this case. For research buffs, the case was in the Eastern District of Virginia, Alexandria Division, case no. 1:2010-cr-00200.
Former Mortgage Head Guilty in $2.9 Billion Fraud
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