Park Place Securities Incorporated (PPSI) is the depositor in the PPSI 2005-WLL1 mortgage deal.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
True: the prospectus, prospectus supplement or SEC filings for the Park Place Securities, Inc. Asset-Backed Pass-Through Certificates Series 2005-WLL1 name Park Place Securities, Inc. as depositor. Mostly true: Park Place is the depositor, but a minor detail such as the exact series designation or entity name differs slightly. Mostly false: Park Place played another role (for example sponsor or issuer name only) and another entity was the depositor. False: the filings name a different depositor, or no such deal exists.
Set before the research began.
Evidence (3)
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E1 Wells Fargo Bank, N.A. v Farmer (2008 NY Slip Op 51133(U)) New York State Unified Court System / Law Reporting Bureau (Supreme Court, Kings County, Schack, J.) · 5 June 2008
“and among Park Place Securities, Inc. as ("Depositor") and Litton”
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E2 Wells Fargo Bank, N.A. v Farmer (2008 NY Slip Op 51133(U)) New York State Unified Court System / Law Reporting Bureau (Supreme Court, Kings County, Schack, J.) · 5 June 2008
“Series 2005-WLL1 dated as of March 1, 2005 (the "Agreement") by”
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E3 Wells Fargo Bank, N.A. v Farmer (2008 NY Slip Op 51133(U)) New York State Unified Court System / Law Reporting Bureau (Supreme Court, Kings County, Schack, J.) · 5 June 2008
“Securities, Wells Fargo, N.A. and Litton Loan Servicing LP as dated March 1,”
Reasoning
A 2008 New York Supreme Court opinion (Wells Fargo Bank, N.A. v Farmer) quotes the governing agreement for Series 2005-WLL1, dated as of March 1, 2005 [E2]. That agreement runs "by and among Park Place Securities, Inc. as ('Depositor')", Litton Loan Servicing and Wells Fargo [E1, E3]. This independent source quotes the deal's own agreement and names Park Place Securities, Inc. as depositor for the 2005-WLL1 series, which matches the claim.
Cite this claim
Michael Burry, “Park Place Securities Incorporated (PPSI) is the depositor in the PPSI 2005-WLL1 mortgage deal.” (said 2006). Verdict: resolved true. Reliability API, claim c_78419517bc62, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_78419517bc62
This claim is in dataset release v1.1.2, with the same verdict.
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Verdicts are made automatically; how verdicts are made.