Yeah, not so much. The research shows that Freddie Mac and Fannie Mae loans weren't the problem.
The problem was, and is, the banksters. Read on:
Beyond Bogus – Docx Assignment of Mortgage – Bogus Assignee for Intervening AsmtsI don't know how one buys a house without title insurance. Abstract of Title is a big industry.
Amid mountain of paperwork, shortcuts and forgeries mar foreclosure process
Robo-signers: Mortgage experience not necessary
Witness: Foreclosure firm owner gave gifts for altering documents
Mortgage foreclosure uproar sweeps up Northeast Ohioans
Dart Halting Evictions for Second Time in Two Years
Sheriff says he wants proof from lenders that evictions are legitimate, legal
So who's on the hook for all this fraud and deception?
I think that if a person/institution can't prove they own YOUR house they can't foreclose on it. That's just logical. It hasn't stopped them, but somebody should.
Now for your brain bleach: