Does a borrower have standing to challenge the assignment or securitization of their loan?

Here, plaintiffs were in default, and they do not allege that the assignment or securitization of their loan changed their payment obligations in any way. They also do not allege the kind of harm that an assignment could conceivably cause, such as lost payments, miscalculation of debt, or default issued in error. "Absent any prejudice, [the plaintiffs] have no standing to complain about any alleged lack of authority [to initiate foreclosure proceedings]." (Siliga v. Mortgage Electronic Registration Systems, Inc., supra, 219 Cal.App.4th at p. 85.)

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