Yvanova’s case does not attack securitization.


YVANOVA v. NEW CENTURY MORTGAGE CORPORATION 7 APPELLANT’S ANSWER TO AMICUS CURIAE BRIEFS

This case also is not an assault on the securitization industry or

securitized trusts. (See Trustees’ brief, at page 25.) What Yvanova

proposes, and what the lending industry opposes, is that she invoke terms of

the PSA. She contends, in essence, that her loan was not validly moved to

the securitized trust because it was transferred in violation of the PSA.

Respondents and the lending industry accuse her of seeking to enforce the

terms of the PSA. They are right. But, by asking to enforce the terms of the

PSA, she is upholding the PSA. She is not attacking the securitized trust;

she is protecting it. She is, in effect, asking to operate as a private attorney

general.

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