And when the defaults happen they sell the paper to their well connected distressed asset pool buyers at .10 on the dollar and their rich wall street friends get richer.
Fannie doesnt care about ownership, but it does care about rhe “free market” of their con friends who get access to govt enabled nearly-free assets.
IYKYK
Houses in Detroit were selling by the hundreds at $800-$1000
a door. Secondary market distressed debt buyers are very sophisticated sharks where mortgages are bought and sold in tranches/pools much like 2008 junk mortgage wall
street debt.
I don’t thing Anons can quite appreciate their part in reviving the spirit of the Ghost Army in this new phase of warfare…
o7