[Toddsterpatriot]

Whether this is an imminent danger or just a possibility, the marginal (and many fraudulent) mortgages are immediately resold into the secondary market after they are created.

Yes they are. And they are guaranteed by Fannie and Freddie, not the US taxpayer.

[ExSES]

Yes they are. And they are guaranteed by Fannie and Freddie, not the US taxpayer.

I realize that is correct, at the present, BUT..., politicians being what they are, Fannie and Freddie are "Too Big To Fail" and the taxpayers WILL be tapped when the "Guv'mint Bail Out Program" is enacted to save them!