Earliest, the financial institution regarding The usa mortgage: Almost the moment Bank off America got its start they, the borrowed funds was ended up selling so you can a Boston-dependent organization titled First Marblehead, after one of the primary securitizers out-of figuratively speaking. However, no place regarding records taken to new Reynosos and examined from the ProPublica do title Earliest Marblehead appear. As an alternative, the fresh new Reynosos have received files emblazoned with the symbol regarding National Collegiate Believe. This is the name First Marblehead provided to packages from money you to definitely they turned into Wall structure Highway securities and you may marketed so you can dealers. Is actually Freddy’s loan bundled towards the a safety? Continue reading