Comments on: There Will Be Bonds http://emac.blogs.foxbusiness.com/2008/03/03/there-will-be-bonds/ Fri, 20 Nov 2009 19:57:36 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: Effor.com » Blog Archive » That reminds me http://emac.blogs.foxbusiness.com/2008/03/03/there-will-be-bonds/comment-page-1/#comment-303 Effor.com » Blog Archive » That reminds me Tue, 04 Mar 2008 02:55:23 +0000 http://emac.blogs.foxbusiness.com/2008/03/03/there-will-be-bonds/#comment-303 [...] was reading this story on Fox Business news tonight when I was reminded of something.  Remember a couple of weeks ago when the market make a [...] [...] was reading this story on Fox Business news tonight when I was reminded of something.  Remember a couple of weeks ago when the market make a [...]

]]> By: Gary Pitts http://emac.blogs.foxbusiness.com/2008/03/03/there-will-be-bonds/comment-page-1/#comment-301 Gary Pitts Mon, 03 Mar 2008 22:15:18 +0000 http://emac.blogs.foxbusiness.com/2008/03/03/there-will-be-bonds/#comment-301 Gentlemen, I have heard that in an Ohio court there are cases where holders of CDO's are trying to foreclose properties securing loans which are in default but that the foreclosers find that their debt instruments have not carried forward the information necessary for foreclosure. In other words, the derivative instruments actually have no identifiable mortgaged property. Anything to this? Thanks. Gary Gentlemen,

I have heard that in an Ohio court there are cases where holders of CDO’s are trying to foreclose properties securing loans which are in default but that the foreclosers find that their debt instruments have not carried forward the information necessary for foreclosure. In other words, the derivative instruments actually have no identifiable mortgaged property. Anything to this?

Thanks.

Gary

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