These banks have been at it awhile. They've spun off 'rating' companies to check these mortgage packages, private not their internal departments. They've used t

These banks have been at it awhile. They've spun off 'rating' companies to check these mortgage packages, private not their internal departments. They've used those companies to run their custom models against fannie mae packages (gs against fannie mae i'm 100% of was witness to), with out that other knowing, and other banks. Whatever is going on, they've been prepping to make sure it happens with high velocity.