It sounds like the banks are now the mortgage brokers for the government. Borderline fraud.
If you don’t mine me asking, when did you get your loans?
I think my loan had been securitized, but it wasn’t until 2010 that we got a letter from Fannie that Bank A, who we never had a loan with, had assigned our loan to Fannie!!!!
The weird part was that we were told to pay servicer A, who we had been told to pay back in 2003 by the originator of our loan.
We also had put down 20%, in 2001. Our last refi was in 2003. I could not find our loan at MERS but we are listed at Fannie.
I was hoping to refi with a credit union was a way to get around this nonsense. Now, I wonder.