A Lot More
Observations on housing's wreckage and recovery
Is it just me?
I’m starting to get paranoid. First Lexis got rid of full-text searching on its property records, so it’s now impossible to search for all the loans originated by a particular mortgage lender — one has to fill out a form and search by borrower/property owner, one at a time. Now I discover, logging in to Thomson Financial’s SEC database, that it, too, has eliminated full-text searching. So instead of being able to type in the name of a lender and get gobs of documents from all the mortgage-backed securities its crap (sorry, mortgages) ended up in, one can only search by the name or number of a publicly traded company.
Ugh. The upshot is that tools that made it possible for any student, investigative journalist, lawyer, whoever (okay, me) to track the transactions of mortgage lenders are being disappeared. Perhaps there’s some fancy-schmantzy version of databases like these that still allow full-text searching for those who can pay for it, but one way or another this vital information is out of reach.
