What's Up With The Big Bank/lender? Are They Any Better To Work with Than Your Good Ole Boy Mortgage Lender?
What am I missing? These "Too Big To Fail" banks may not have failed on Wall Street or DC thanks to the most rediculous bailout in history but they're sure failing miserably on Main Street.
Can anyone tell me why I shouldn't work with my ole buddy Mortgage lender down on the corner of USA and STATE STREET instead of these frustrating baffoons that have already been bailed out with 850b of our money and are now soooo tight you can hear them squeakig a mile away?
Am I missing something? If they've already been bailed out (in essence forgiven) then who do we borrowers really ow our payments to? Or do we? Has anyone tried tracking their mortgages lately? Who are we really making our payments to?
Just curious. Would someone please enlighten me?