Hi fellows
There is this big commotion in USA about the Finanacial Institutions (Wall Street trading and Banks,ect..) are selling Mortage Deeds in some kind of bundle to others, I assume to other Financial institution.Several cases about foreclosure emerged and these institutions evicted or try to evict these people but did not have the Deeds to prove they owed the building.Some was evicted but it was claimed that they was evicted illegal because they could not have the deed.I guess the trading was done thru the computers somehow.The question that bothers me is how can money be made if the mortages are fixed to a certain amount per month plus interest rates? It seems to me someone is going to lose out on profits.
There is this big commotion in USA about the Finanacial Institutions (Wall Street trading and Banks,ect..) are selling Mortage Deeds in some kind of bundle to others, I assume to other Financial institution.Several cases about foreclosure emerged and these institutions evicted or try to evict these people but did not have the Deeds to prove they owed the building.Some was evicted but it was claimed that they was evicted illegal because they could not have the deed.I guess the trading was done thru the computers somehow.The question that bothers me is how can money be made if the mortages are fixed to a certain amount per month plus interest rates? It seems to me someone is going to lose out on profits.
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