[Georgia Girl 2]

Generally the bank is the servicer. They very seldom own the loan. Most loans are sold off to Fannie Mae or Freddie Mac within 30 days of closing. You keep making your payment to Wells Fargo but they are just the servicer.

[\/\/ayne]

The banks outsource the riskier loans to cheaper, more crooked servicers. I believe they also do that with widows and orphans - they have a good change the financial wizard is the one who died and they can more easily flim-flam the survivors. I got hit soon after I became a widower. I was able to beat them but my research showed a huge problem in America.

You can see the size the problem by the huge amounts of complaints to State Attorney Generals. And that's just the tip of the iceberg. Many victims don't make complaints after the crooked mortgage servicer steals their house through a crooked foreclosure. They figure if the judge let them do it there's nothing they can do.

I don't want these crooked entities to ruin our wonderful housing boom so I hope a legal boom falls on them.