To: claymax
But ultimately they are sold to freddie/fannie, and you can trace that. NO they are not, Freddie and Fannie only buy a percentage of the market, and never stuff like this. I would bet it was not a conventional mortgages to begin with. Probably some sort of five are ten year deal!!! The whole mortgage story is bogus!!!
61 posted on
12/14/2008 2:21:52 PM PST by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: org.whodat
Well, if you have a loan, do me a favor look at the bottom of your instrument. It will have some forms in there that say Fannie or Freddie Mac at the bottom, the reason being is that some not all are ultimately sold to these two Mortgage companies and still buy a percentage of the market.
68 posted on
12/14/2008 2:27:57 PM PST by
claymax
To: org.whodat
Why do these documents show 1,320,000 loan with the loan type FannieMae/FreddieMac on page 5.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson