[cliniclinical]

It frustrates me that I work hard to pay my mortgage, have never missed a payment, and understand the value of my investment. I know my mortgage was sold on the secondary market and is now part of a failing financial institution that must receive a bailout.

Now, here's were this story is most troubling...Fanny and Freddie ARE government institutions. Are we witnessing an incredible, historic, unprecedented concentration of control and wealth that is being under or mis-reported by the media????? That's my bet.

[billva]

It frustrates me that I work hard to pay my mortgage, have never missed a payment, and understand the value of my investment. I know my mortgage was sold on the secondary market and is now part of a failing financial institution that must receive a bailout.

Now, here's were this story is most troubling...Fanny and Freddie ARE government institutions. Are we witnessing an incredible, historic, unprecedented concentration of control and wealth that is being under or mis-reported by the media????? That's my bet.

I'm curious as to just how this is going to negatively affect you?

[tbw2]

What I wonder is what happens as these collatoralizations of home loans fail. It tentatively looks like a house mortgage is owned by bank A but sold as a secured debt to bank B who chopped it up and mixed it up and those pieces are owned by C, D, E and pensions funds.
When the money is needed by these banks, who exactly gets to repossess the house? And when the house is repo’d, who specifically gets paid?

Best personal solution I can think of is sell anything and everything to pay off your house.

[Freedom4US]

Not quite - FNM was chartered by congress in 1938, but in 1968 was privatized. Now its being publicized again, sorta.