Edo_okati
Mudiripoyina Bewarse Username: Edo_okati
Post Number: 21881 Registered: 03-2007
Rating: N/A Votes: 0 | Posted on Tuesday, October 23, 2012 - 10:15 am: | |
Soggadu: Govt forced these companies to buy the mortgage securities ....
The responsiobily of Fredddy and Fannie are taking moeny buy mortgages from banks and doing serviceing and resell to the inverstors based on rating for eache packege. ( It could be banks, any investment firms). This is happening from Clintons era. Nothing Changeed . Fact is that Bank know that guys can''t efford the loan. Because no documentaion required, you are appoved ani loan ichhi, Danni advantage ga teesukundio very few people who doesn't eaither eathical or moral values. PP's what's up
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