Tracing the ownership of securitized mortgages

[ManicMangaManiac]

Hi,

I am not sure if you attorneys are the right people to ask about this, but I'm gonna give it a shot anyway. I did a cash-out refinance in 2006, an ARM with a huge balloon payment, with Option One as my nominal lender and Wells Fargo Bank, N.A., as the trustee. At the closing, I was not informed that my loan was going to be securitized, which it was. It is now in foreclosure, no thanks to totally unaffordable terms from the get-go and an unscrupulous loan originator which has since then gone out of business.

Out of curiosity recently, I went to the county register of deeds to see if any transfers had been made and recorded on the mortgage/note since the closing, and found that none had been made! I would like to point out that at the time, Option One was owned by H&R Block, who sold it to Wilbur Ross & Co. in New York, and it became part and parcel of American Home Mortgage Servicing, Inc. (AHMSI). What I'd like to know is, should the transfer in ownership from H&R Block to Wilbur Ross & Co. of Option One have resulted in a similar recording of my note/mortgage with the county register of deeds, or something to that effect?

My loan was securitized and placed in a mortgage pool at the time in 2007, and, I'm thinking, sold to investors on Wall Street. How does one trace the path it has taken from its inception to the present? Is that even possible? Is it possible to identify the parties on Wall Street who bought these asset-backed securities? I would really like to know because as I mentioned at the beginning of this post, no transfers were recorded after the closing with the register of deeds and could be very indicative of extremely sloppy work and so on and so forth. I am sure others on this forum would like to know as well, and thanks for your input!

Sally