REMIC AND UCC EXPLAINED BY “SUI JURIS 249″
The investor invests in different classes of securities. Each class is called a tranche. ... Based upon an examination of the 10k (Annual Report) of BB&T the odds are 6:1 that their involvement in a loan was the subject of securitization documents and the receivables from the loan were split up accordingly. This does not mean that in fact the ... ................
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