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Selected Works of David J Reiss
Article
Dirt Lawyers and Dirty REMICs: A Debate
Probate & Property (2013)
  • David J Reiss, Brooklyn Law School
  • Bradley T Borden, Brooklyn Law School
  • Joshua Stein
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Abstract

In mid-2013, Professors Bradley T. Borden and David J. Reiss published an article in the American Bar Association’s PROBATE & PROPERTY journal (May/June 2013, at 13), about the disconnect between the securitization process and the mechanics of mortgage assignments. The Borden/Reiss article discussed potential legal and tax issues caused by sloppiness in mortgage assignments.

Joshua Stein responded to the Borden/Reiss article, arguing that the technicalities of mortgage assignments serve no real purpose and should be eliminated. That article appeared in the November/December 2013 issue of the same publication, at 6.

Stein’s response was accompanied by a commentary from Professors Borden and Reiss, which also appeared in the November/December 2013 issue, at 8.

Keywords
  • mortgage-backed securities,
  • MBS,
  • Real Estate Mortgage Investment Conduit,
  • REMIC,
  • dirt lawyers,
  • MERS
Disciplines
Publication Date
2013
Publisher Statement
Published in Probate & Property, Volume 27, No 3 © 2013 by the American Bar Association. Reproduced with permission. All rights reserved. This information or any portion thereof may not be copied or disseminated in any form or by any means or stored in an electronic database or retrieval system without the express written consent of the American Bar Association.
Citation Information
David J Reiss, Bradley T Borden and Joshua Stein. "Dirt Lawyers and Dirty REMICs: A Debate" Probate & Property (2013)
Available at: http://works.bepress.com/david_reiss/68/