re: #216 WindUpBird

the people selling the note were not the people holding the note

if your job is only to sell, with no consequences, and you get the commission regardless?

then who cares what note the bank holds, or the homeowner’s ability to pay?

the guy’s already run off with the commission, onto the next one, onto the next one

Yes and No

I had a good friend who was a Mortgage Broker. It’s feast or famine. She worked very hard 7 days a week for years. You sell what qualifies —suddenly the rules change and more people qualify… .

If the bank is willing to buy it —after years of so many loans rejected —you figure it’s ok.