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patb
Participant[quote=jstoesz]
I think it was more of a convenience issue. When you sell portions of a mortgage in various investment vehicles, how do you transfer a portion of the physical note with each new owner? The banks passed the chain of title to MERS and MERS kept track of who owned what without ever changing the physical note…
[/quote]
you transfer the note to a corporation Call it
Fannie Mae and then Fannie sells bonds itself or
shares.Funny, Fannie managed to do this for 40 years without trouble.
Participant[quote=jstoesz]
I think it was more of a convenience issue. When you sell portions of a mortgage in various investment vehicles, how do you transfer a portion of the physical note with each new owner? The banks passed the chain of title to MERS and MERS kept track of who owned what without ever changing the physical note…
[/quote]
you transfer the note to a corporation Call it
Fannie Mae and then Fannie sells bonds itself or
shares.Funny, Fannie managed to do this for 40 years without trouble.
Participant[quote=jstoesz]
I think it was more of a convenience issue. When you sell portions of a mortgage in various investment vehicles, how do you transfer a portion of the physical note with each new owner? The banks passed the chain of title to MERS and MERS kept track of who owned what without ever changing the physical note…
[/quote]
you transfer the note to a corporation Call it
Fannie Mae and then Fannie sells bonds itself or
shares.Funny, Fannie managed to do this for 40 years without trouble.
Participant[quote=jstoesz]
I think it was more of a convenience issue. When you sell portions of a mortgage in various investment vehicles, how do you transfer a portion of the physical note with each new owner? The banks passed the chain of title to MERS and MERS kept track of who owned what without ever changing the physical note…
[/quote]
you transfer the note to a corporation Call it
Fannie Mae and then Fannie sells bonds itself or
shares.Funny, Fannie managed to do this for 40 years without trouble.
Participant[quote=jstoesz]
I think it was more of a convenience issue. When you sell portions of a mortgage in various investment vehicles, how do you transfer a portion of the physical note with each new owner? The banks passed the chain of title to MERS and MERS kept track of who owned what without ever changing the physical note…
[/quote]
you transfer the note to a corporation Call it
Fannie Mae and then Fannie sells bonds itself or
shares.Funny, Fannie managed to do this for 40 years without trouble.
Participant[quote=davelj][quote=patb]
Are the banks so cheap they wanted to avoid 0.25%
fees?[/quote]
Are you kidding? The big bank CEOs would sell their mothers to “avoid 0.25% fees” on billions of dollars in deeds. On a large scale it all adds up… and then disappears into their custom-tailored pockets.[/quote]
well if they delay the foreclosures even 30 days
they just blew all that savings.Participant[quote=davelj][quote=patb]
Are the banks so cheap they wanted to avoid 0.25%
fees?[/quote]
Are you kidding? The big bank CEOs would sell their mothers to “avoid 0.25% fees” on billions of dollars in deeds. On a large scale it all adds up… and then disappears into their custom-tailored pockets.[/quote]
well if they delay the foreclosures even 30 days
they just blew all that savings.Participant[quote=davelj][quote=patb]
Are the banks so cheap they wanted to avoid 0.25%
fees?[/quote]
Are you kidding? The big bank CEOs would sell their mothers to “avoid 0.25% fees” on billions of dollars in deeds. On a large scale it all adds up… and then disappears into their custom-tailored pockets.[/quote]
well if they delay the foreclosures even 30 days
they just blew all that savings.Participant[quote=davelj][quote=patb]
Are the banks so cheap they wanted to avoid 0.25%
fees?[/quote]
Are you kidding? The big bank CEOs would sell their mothers to “avoid 0.25% fees” on billions of dollars in deeds. On a large scale it all adds up… and then disappears into their custom-tailored pockets.[/quote]
well if they delay the foreclosures even 30 days
they just blew all that savings.Participant[quote=davelj][quote=patb]
Are the banks so cheap they wanted to avoid 0.25%
fees?[/quote]
Are you kidding? The big bank CEOs would sell their mothers to “avoid 0.25% fees” on billions of dollars in deeds. On a large scale it all adds up… and then disappears into their custom-tailored pockets.[/quote]
well if they delay the foreclosures even 30 days
they just blew all that savings.Participant[quote=martink110]Thanks to some of you who responded. I signed up for several ’causes’. We’ll go through them and see if something sticks. I wanted her to get some exposure to Adult problem solving. Being only sixteen you can feel you are powerless and I wanted her to experience that she can make a difference.
To you idiots pontificating about “your” candidate and seeing who can piss further – start your own thread![/quote]why not have her work on Prop 23 or Prop 19?
Participant[quote=martink110]Thanks to some of you who responded. I signed up for several ’causes’. We’ll go through them and see if something sticks. I wanted her to get some exposure to Adult problem solving. Being only sixteen you can feel you are powerless and I wanted her to experience that she can make a difference.
To you idiots pontificating about “your” candidate and seeing who can piss further – start your own thread![/quote]why not have her work on Prop 23 or Prop 19?
Participant[quote=martink110]Thanks to some of you who responded. I signed up for several ’causes’. We’ll go through them and see if something sticks. I wanted her to get some exposure to Adult problem solving. Being only sixteen you can feel you are powerless and I wanted her to experience that she can make a difference.
To you idiots pontificating about “your” candidate and seeing who can piss further – start your own thread![/quote]why not have her work on Prop 23 or Prop 19?
Participant[quote=martink110]Thanks to some of you who responded. I signed up for several ’causes’. We’ll go through them and see if something sticks. I wanted her to get some exposure to Adult problem solving. Being only sixteen you can feel you are powerless and I wanted her to experience that she can make a difference.
To you idiots pontificating about “your” candidate and seeing who can piss further – start your own thread![/quote]why not have her work on Prop 23 or Prop 19?
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