JHD
BIGGER PICTURE
OFT TIMES you worry me LOL
IF the market was to crash and mortgages are getting foreclosed on and banks possibly might fail, WHO WOULD PICK UP THOSE LOANS TO SERVICE????????? THE """NEW GO TO SERVICER... SUPPOSEDLY from a bud with the FDIC, there are some 364 banks CURRENTLY ON THE TROUBLED BANKS LIST
Servicing is a sweet deal, NO FINANCIAL EXPOSURE just paper work, collect money and send it to where ever it is supposed to be sent on ANY and ALL UNPAID BALANCES to which we make money servicing.
The FDIC aint a servicer now is it???? And to whom did they used to igve a lot of loans to HMMMMMMMMMM JPM