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Senior Member
Array 
Who owns your mortgage? http://www.huffingtonpost.com/2010/1..._n_784274.html
Dan Edstrom, of DTC Systems, who performs securitization audits, and who is giving a seminar in California next month, spent a year putting together a diagram that traces the path of his own house's mortgage. "Just When You Thought You Knew Something About Mortgage Securitizations," says Zero Hedge, you are presented with this almost hilariously complicated chart.
So do you know who holds your mortgage? Are you certain?
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Senior Member
Array 
Duh... the Devil owns all mortgages. Entia non sunt multiplicanda praeter necessitatem
~
^[:wq
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Posting Hound
Array 
What little is left... my Credit Union. No one else. They have to notify me of changes to our contract.
I am so grateful that the markets started to crash before Canada got on side with doing the same nonsense, that has happened in other countries. As much as our leader would like to say how smart he was, the truth we just got lucky. Especially out here in the west where there is no steel/ auto industry.
Edit: Here, if a lender sells their mortgages to another company, you are notified.
Last edited by Fencergrl; 11-17-2010 at 07:17 PM.
Beer, it's whats for dinner! ~ a young snowboarding Canadian
The meek don't want it! ~ sticker on a rock band's guitar
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Senior Member
Array 
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Curmudgeon Emeritus
Array 
I both own AND rent, but have no mortgage, so my answer is: No one. Use the Shift key, people! Keyboard manufacturers everywhere are ineffably saddened when you ignore what they made just for you!
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Senior Member
Array 
I got three, and four & five are coming... so, don't really know... don't care. 
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Senior Member
Array 
We paid off our mortgage years ago. And yet, to me, what is this quintessence of dust?
~Hamlet
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Senior Member
Array 
Yet another fine example of Florida rocket dockets and people who (in the conservative meme) "just bought more home than they could afford" getting foreclosed on.. "Sometimes we, as coaches, get into that dictator mode where you just tell and you don't listen and you don't try to understand them." Tom Izzo, Mich. St.
"Fraud is the creation of trust. And then: its betrayal."
William Black, Ph.D.
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