Of the housing mortgages, there was so much bundling, then splitting, then selling, then more bundling and more splitting. Nobody knows who knows who owns several mortgages. The bundling broke the link between the bank and the house. In fact, some people, whose homes were foreclosed, may be able to get their deeds BACK from the bank.
The federal government is now looking at the risky lending that led to the housing crisis as a crime. The story by the Rachel Maddow Show, with an interview with Eric Schneiderman, the New York Attorney General, who is tasked with looking into the situation, is linked below.
Rachel Maddow Show’s story and interview, from which all the information above comes: http://www.msnbc.msn.com/id/26315908/#46171257
Have an excellent day! Shari
Link: Banks Might Not Know Who Owns Your Mortgage by Shari Maria Silverman is licensed under a Creative Commons Attribution 3.0 Unported License.