Same with me. I bought a house last year, 20% down, no other debt whatsoever, credit scores over 800, and decent sized savings accounts. Wells Fargo sold it to FNMA.
That was was FNMA and FHLMC used to do, the “regular” loans like that.
Its only thanks to Frank, Dodd, etc that they got weird.
Here is the kicker, we received a call from Wells Fargo last week, asking us if we would like to participate in the HARP program, lowering our interest rate by 1% at absolutely no cost to us. We have excellent credit, no debt besides our mortgage, employed for over 20 years at same employer. This is when I began researching HARP and HAMP. I thought these programs were suppose to help those that were in dire straights. Nope just a way for the banks to make money refinancing no risk loans. The government screws up everything it touches.