Banks Resisting Fannie, Freddie Demands To Buy Back Mortgages

| November 30, 2010

Buy back mortgage contracts are getting interesting. It looks like a cat fight just starting…… You don’t think the banksters want to own that crap they sold to Fannie and Freddie do you? They thought it was a free ride.  But now it doesn’t look so free……The expected amount so far refused exceedes $120 billion. This […]

The Real Estate Can Of Worms

| October 13, 2010

The mortgage is still owed, but there’s going to be a problem figuring out who actually holds the mortgage, and they would be the ones bringing the foreclosure. You have a trust that has been getting payments from borrowers for years that it has no right to receive. So you might see borrowers suing the […]

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