You are making a paper work foul up in to something it is not.
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It’s not a “paperwork foulup” It’s organized crime.
It starts with the homeowner tricked by signing a contract that doesn’t name the counterparty ..
The hidden financier/lender thinks they are getting an income stream...
The Wall Street bank that sold the mortgage keeps (on purpose) the note , never actually funds the trust (which they control). They wanted crap loans so they would get a higher rate ... told investors loans were high quality ... In other words they lied to the investors and kept HUGE amounts of their capital ... for example the “trust” may have shown $1B of loans averaging 6.5% but because the investors were unable to see the actual loans they didn’t know they were getting $600M at 8% ... and Lehman or GS or Morgan Stanley sent $400M to their account in the Caymens..
Now with the investment vehicle “broken” they collect on many times the face value in insurance ... THE INVESTORS GET NOTHING ,, SCREWED AGAIN ...
Today we have loans that are documented to have been in a trust but never went there and they are in default .. According to the PSA rules it is IMPOSSIBLE to unscramble the egg as a Trust cannot accept a bad loan ,, especially YEARS after the cutoff date ...
The “banks” (straw man of the wall streeters) are foreclosing through their servicers although they lost NOTHING , have no interest in the loan ...
The real investors that put up money have taken years to maneuver into a position where they can fight back ,, they are there now ... don’t doubt me...