Once a Mortgage is Originated, Where Does it Go From There? Who Ends Up Owning Foreclosed Loans?
Submitted by admin on Thu, 2008-10-02 22:50
Homeowners and lenders worked together to take advantage of the low mortgage rates and easy money conditions, and now they are forced to work together to prevent rising defaults from decimating the real estate market. But in this case there may be dozens or hundreds of other parties involved in the dance, as well, as ownership of delinquent mortgages have been called into question.
