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Neil Garfield discusses key topics related to securitized loans and residential mortgages. He explains the process of securitization and its effects on the recording requirements and timing of relevant documents. Garfield also highlights the impact on the Annual Percentage Rate (APR) stated in the Good Faith Estimate (GFE) provided to borrowers prior to closing. He notes the common issue where the GFE is not delivered to borrowers until or after closing, which constitutes a violation. The aim of this discussion is to raise awareness about the complexities involved in the securitization of mortgages.