Actually, no. The guy that writes the mortgage launders it through F&F, possibly with the aid of phony insurance supplied with AIG, so that after some slicing and dicing it can be sold as an AAA rated security.
Jeez, I had no idea that the obfuscation was so far in depth. Right Now is the time to put a stop to it and Yesterday was when this crap should have been posted all across FR (now that the media is a mere tool).
Ultimately the money comes out of all our pockets...much from our descendants before they can even form words.