Fannie Mae-No Politics (FNMA)

[Sogo]

I'll be thinking about you tomorrow, then! I'm sorry to hear that news about your health. I'm glad you're getting seen and getting treatment. Hang in there!

I recall learning about these title problems back in '08. You're right: hardly anyone or any news sources were talking about it! But as I understand it, for some of the mortgages that ended up in securitized bundles, the banks actually had zero proof that they held the title! Of course even without securitization being an issue, some simple but unfortunate situations happened where the homeowner defaulted, and went to foreclosure, and some of the clever lawyers working on behalf of the homeowners figured out and proved that the banks didn't even have proof of title, etc! And yet many judges still had no problem ruling in favor of the banks, even though the banks couldn't produce the paperwork! Again, courts, judges, can't be counted on to protect property rights, unfortunately.