Fannie Mae-No Politics (FNMA)

[KELLYCO]

Here is some pictures for you to try and make sense of the processes involved at Fannie.They do not have all the details because the devil is in the details.

http://www.nytimes.com/interactive/2008/07/11/business/20080711_FANNIE_GRAPHIC.html

A friend of mine requested a mortgage discharge because he paid off his mortgage.The bank said"we don't do that".
I happen to beleive they sold his mortgage to Freddie which is Fannie's evil cohort.Their mortgage deed reflects the original mortgage issuer that did not assign the mortgage deed as required by law.Now they have a cloud in the title that will require legal fees and title insurance when it did not have those issues before.
Do you like to be forced to pay fees because of the actions of others?
Actually it is worse than a one time fee or fees.
That property will require those fees everytime it is sold if bank financing is involved.
If you have a house you bought from about 2000 thru 2008 you too probably have the same problem.
Most people never pay off a mortgage or even know how to buy a house for cash and what titles should look like and what they do look like.
They just fork over thousands of dollars because they think it is normal to give all the socalled professionals involved a peice of the action.
You know,just like how organized crime breaks off a peice of the action.
That is what happened.
You are probably in denial because like most people you know one or more people in the industry of finance and or real estate transfer and don't want to realize their involvement of the destruction of millions of property deeds in what once was a free United States Of America.