Banks Mortgage Debt

Banks Mortgage Debt

Mortgage debt is being sold off very cheap, these Foreclosed Home Loans, even loans that are in good standing get sold in giant pools of money. Not the kind of pool that is filled with cash, but equity and asset stakes.

What does this mean...it means that America is slowly selling its assets to somebody overseas

News and references for Mortgage Companies selling debt overseas:

• Fannie Mae | Bloomberg
• Bruce Bartlett – Forbes Columnist
• Mortgage Loan.com
• Wikipedia | Citibank Selling Off
• The Real Deal
• GH Bank Housing
• Market Watch
• SEC .gov