Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage

[Huckleberry]

LOL, this is amusing…

http://www.huffingtonpost.com/2010/11/16/mortgage-security-chart_n_784274.html

[jameswenn]

It doesn’t matter, you send in your payments the servicer gets it to the investor.

If it wasn’t for the secondary market, you’d have rates over 20% in Ohio and Michigan.

[jameswenn]

It doesn’t matter, you send in your payments the servicer gets it to the investor.

If it wasn’t for the secondary market, you’d have rates over 20% in Ohio and Michigan.

[jameswenn]

It doesn’t matter, you send in your payments the servicer gets it to the investor.

If it wasn’t for the secondary market, you’d have rates over 20% in Ohio and Michigan.

[jameswenn]

It doesn’t matter, you send in your payments the servicer gets it to the investor.

If it wasn’t for the secondary market, you’d have rates over 20% in Ohio and Michigan.

[jameswenn]

It doesn’t matter, you send in your payments the servicer gets it to the investor.

If it wasn’t for the secondary market, you’d have rates over 20% in Ohio and Michigan.

[(former)FormerSanDiegan]

[quote=jameswenn]It doesn’t matter, you send in your payments the servicer gets it to the investor.
[/quote]

The point is not what happens when people are making timely payments. It’s the complications that occur if/when they stop making payments or are falling behind on payments. There are multiple layers between the mortgagee and the parties with vested interests (including parties in between that may have conflicting interests) which complicate matters.

[(former)FormerSanDiegan]

[quote=jameswenn]It doesn’t matter, you send in your payments the servicer gets it to the investor.
[/quote]

The point is not what happens when people are making timely payments. It’s the complications that occur if/when they stop making payments or are falling behind on payments. There are multiple layers between the mortgagee and the parties with vested interests (including parties in between that may have conflicting interests) which complicate matters.

[(former)FormerSanDiegan]

[quote=jameswenn]It doesn’t matter, you send in your payments the servicer gets it to the investor.
[/quote]

The point is not what happens when people are making timely payments. It’s the complications that occur if/when they stop making payments or are falling behind on payments. There are multiple layers between the mortgagee and the parties with vested interests (including parties in between that may have conflicting interests) which complicate matters.

[(former)FormerSanDiegan]

[quote=jameswenn]It doesn’t matter, you send in your payments the servicer gets it to the investor.
[/quote]

The point is not what happens when people are making timely payments. It’s the complications that occur if/when they stop making payments or are falling behind on payments. There are multiple layers between the mortgagee and the parties with vested interests (including parties in between that may have conflicting interests) which complicate matters.

[(former)FormerSanDiegan]

[quote=jameswenn]It doesn’t matter, you send in your payments the servicer gets it to the investor.
[/quote]

The point is not what happens when people are making timely payments. It’s the complications that occur if/when they stop making payments or are falling behind on payments. There are multiple layers between the mortgagee and the parties with vested interests (including parties in between that may have conflicting interests) which complicate matters.

[patb]

or i a payment doesn’t get credited.

[patb]

or i a payment doesn’t get credited.

[patb]

or i a payment doesn’t get credited.

[patb]

or i a payment doesn’t get credited.

[Author]

Posts