One Response

  1. You listed 5 requirements for a trustee to join and ratify. How do you know those 5 requirements exist? How can the trustee know that the trust was properly organized according to the PSA or that the note got put in the trust before the cutoff date? Who says it must it get put in before that date? If the Trustee PERSONALLY is the assignee or holder of the note indorsed in blank, then what difference do the details of the PSR, REMIC compliance, or trust make? Why can’t the trustee, as holder, enforce the note without regard to those issues?

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