Date: August 23rd, 2007

To mark it to market: Part 3, motivations

23 August, 2007 (10:06) | Markets, Subprime, US News | No comments

 [Continued from yesterday's Part 2 and Part 1.]
 
As we explore the business of restructuring non-performing loans (the retail end of the origination value chain), we rapidly become aware, as the New York Times sententiously advised us, that Unseen Forces Are At Work:
 

Bang the default ball into the servicer – what happens?
 
There’s a lengthy clacking linkage that [...]