…. I’d like them to publish a list of all of the mortgages they purchase — the loan number, the address of the property, the lender, the amount of the loan, the status of the loan, the plaintiffs and defendants in any associated foreclosure cases, and so on.
As far as I can tell, it’s not currently possible for the public to determine the underlying assets of any of the mortgage security instruments that have been the subject of so much pop-culture sturm und drang. We all know that this is a big story, because the papers scream it and the numbers are enormous.
But we also know that it’s a big story because it is a local story. Foreclosures are plainly visible all of us, all over the country. We all know people — or are someone — affected directly by failing mortgages, decreasing home prices, and the accompanying social problems like crime, blight, homelessness, downward mobility, and despair.
Though it goes without saying, we assume Dan’s talking about publishing these lists with an API or in a downloadable format so that the information can be mashed by developers.
Do you hear us Congress? (I’m going to note this suggestion at PublicMarkup.org.)