Man charts the securitization of his own mortgage
As you probably are aware even though you make your mortgage payments to a bank they probably do not own the actual loan. Instead, they securitize it which means they sell it to Fannie Mae or Freddie Mac (most of the time) and they combine your mortgage with millions of other mortgages and then chop it up into $10,000 increments. The Huffington Post ran THIS ARTICLE on Tuesday which shows a chart a man created after tracking who actually owns his mortgage. Amazing. It’s no wonder lenders are having a difficult time modifying loans. They would need to get permission from the actual owners of the mortgage to get their permission to write it down.
![CHART](http://swansonhomeloans.com/wp-content/uploads/2010/11/CHART.jpg)