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Mentioning confidentiality explanations, ACS refused to reveal people details concerning loans in order to ProPublica, even with Reynoso’s full consent
Very first, the financial institution off America loan: Almost the moment Bank out-of The united states started they, the borrowed funds is sold to help you a beneficial Boston-depending providers titled Very first Marblehead, immediately after one of the largest securitizers out-of college loans. But no place throughout the paperwork provided for the brand new Reynosos and you may analyzed because of the ProPublica really does title Basic Marblehead arrive. Instead, the fresh Reynosos have obtained documentation emblazoned to your image regarding National Collegiate Believe. This is the name Basic Marblehead gave so you can bundles out of finance you to definitely they turned into Wall structure Highway ties and offered to help you dealers. Try Freddy’s loan included into a protection? If in case very, the master of it today? Basic Marblehead have not came back frequent requests for remark.
Freddy Reynoso’s almost every other finance used a very complicated road – and one tainted because of the scandal. Continue reading « Freddy Reynoso’s private money was in fact started from the several people – Financial of The usa and you will Studies Loans People »