No Sub-prime, no Countrywide, no securities backed by bundled mortgages that couldn't even be verified.

It was because Liberals wanted to engage in social engineering and force integration in white suburbia (and water down the Republican vote).

We may well end up making money off the GM bailout, for that matter.

Just from a government finance standpoint we should have bailouts more often...

Even as to TARP, it depends on who is doing the calculating. I've read stories that go both ways. In isolation, each is convincing, but I don't know enough to decide between them.

And continues to. Though this doesn't take into account that Treasury is making money in real terms by issuing bonds at a lower rate than inflation, either....

of millions of properties. Although Fannie most often doesn’t have a lien upon property in our land records, it owns and holds the Note. Fannie instructs their servicers to file fraudulent Assignments to them from MERS who is holding Title, and to foreclose in the servicer’s name. That is fraud upon the court.

Fannie Mae Servicing Guide

https://www.fanniemae.com/content/guide/svc031412.pdf

If the link doesn’t appear to work for you, try a copy and paste into a new browser window.

Section 202.07.01

“Fannie Mae is at all times the owner of the mortgage note, whether the mortgage loan is in Fannie Mae’s portfolio or part of the MBS pool. In addition, Fannie Mae at all times has possession of and is the holder of the mortgage note, except in the limited circumstances expressly described below. Fannie Mae may have direct possession of the note or a custodian may have custody of the note. If Fannie Mae possesses the note through a document custodian, the document custodian has custody of the note for Fannie Mae’s exclusive use and benefit.”

Section 103.02

If Fannie Mae is not the mortgagee of record for a mortgage loan, it does not need to execute any release or satisfaction documents. The servicer should execute any required satisfaction documents in its own name (or in MERS® name, if applicable for a MERS-registered mortgage loan).

Section 202.06

The servicer may execute legal documents related to payoffs, foreclosures, releases of liability, releases of security, mortgage loan modifications, subordinations, assignments, and conveyances (or reconveyances) for any mortgage loan for which it (or the Mortgage Electronic Registration System, or MERS®) is the owner of record. When an instrument of record relating to a single-family property requires the use of an address for Fannie Mae, including assignments of mortgage loans, foreclosure deeds, REO deeds, and lien releases, the following address must be used:

Fannie Mae
P.O. Box 650043
Dallas, TX 75265-0043

Pre Foreclosure

Section 107

“MERS must not be named as a plaintiff or foreclosing party in any foreclosure action, whether judicial or non-judicial, on a mortgage loan owned or securitized by Fannie Mae. When MERS is the mortgagee of record, the servicer must prepare an assignment from MERS to the servicer and bring the foreclosure in its own name unless Fannie Mae specifically allows the foreclosure to be brought in the name of Fannie Mae. In that event, the assignment must be from MERS to Fannie Mae, in care of the servicer at the servicer’s address for receipt of notices. The assignment must be prepared and executed before the foreclosure begins.”

Post Foreclosure

Section 107

In most states, the foreclosure attorney (or trustee) must initiate the proceedings in the servicer’s name (or in the participating lender’s name, if the servicer is not the mortgagee of record for a participation pool mortgage loan). The attorney (or trustee) must subsequently have title vested in Fannie Mae’s name in a manner that will not result in the imposition of a transfer tax. Examples of ways to accomplish this include the assignment of the foreclosure bid or judgment to Fannie Mae, inclusion of appropriate language in the judgment that directs the sheriff or clerk to issue a deed in Fannie Mae’s name, recordation of an assignment of the mortgage or deed of trust to Fannie Mae immediately before the foreclosure sale, recordation of a grant deed to Fannie Mae immediately following the foreclosure sale, etc. The servicer and the foreclosure attorney (or trustee) must determine the most appropriate method to use in each jurisdiction. If recordation of the assignment of the mortgage or deed of trust to Fannie Mae is the selected option, the assignment should not be recorded any earlier than is required by the state’s foreclosure procedures because of the possibility that the mortgage loan may be reinstated before the foreclosure sale.


A New York Ruling

http://stopforeclosurefraud.com/wp-content/uploads/2013/07/JP-Morgan-Chase-Bank-Natl.-Assn.-v-Butler.pdf

“Fannie Mae is at all times the owner of the mortgage note, whether the note is in our portfolio or whether we own it as trustee for an MBS trust.”

From the NY ruling page 11: “Despite its December 2011 admission that FANNIE MAE owned the subject BUTLER mortgage and note, CHASE, prior to this, continuously presented its ownership subterfuge to Special Referee Goldstein and the Court. The Court cannot countenance the deceptive behavior of CHASE, the alleged owner of the subject BUTLER mortgage and note, its counsel, and FANNIE MAE, the real owner of the subject BUTLER mortgage and note. FANNIE MAE’s Servicing Guide, with its deceptive practices to fool courts, does not supercede New York law.”


Does Fannie own your mortgage loan? If Fannie owns your loan and doesn’t appear in your land records, you have a clouded property Title.

Fannie Mae lookup tool: https://knowyouroptions.com/loanlookup