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MineralMan

(151,281 posts) Tue Jan 3, 2012, 05:45 PM Jan 2012

Oh, joy! I just got a letter saying that [View all]

our mortgage has been sold to Fannie Mae. I'll still be making the payments to Weld Fargo Closed, but Fannie Mae owns the loan now. And so we enter the Twilight Zone of mortgages. Uff da! One bank made the loan, sold it to Wells Fargo, which sold it to Fannie Mae. What fun!

9 replies

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Oh, joy! I just got a letter saying that [View all] MineralMan Jan 2012 OP

uh oh. lol. nt seabeyond Jan 2012 #1

Well, the good thing, though, is MineralMan Jan 2012 #4

Most mortgages are sold in the secondary market. mmonk Jan 2012 #2

Oh, I know. It doesn't matter really. MineralMan Jan 2012 #5

Very good. mmonk Jan 2012 #7

they found out about the floridation, didn't they. told ya that'll cause trouble. dionysus Jan 2012 #3

That's right. It's the precious bodily fluids I'm worried about. MineralMan Jan 2012 #6

Now I would look and see if they have the correct paper work. alfredo Jan 2012 #8

My mortgage got sold to Bank of America. Imagine my glee. yardwork Jan 2012 #9