DJoshuaRubin (98.00)

Question About Wells Fargo Selling Our Mortgage

April 01, 2011 – Comments (5)

The whole reason we chose to work with Wells Fargo was an increased trust factor, and a belief that they are a strong institution. The process was handled extremely well and I was very impressed with every element. We now get a letter saying the loan as been sold to Freddie Mac. I have read a bit about the financial crisis and really feel like upchucking. I'm sure we were told this could happen, and we are told we do not have to do anything as WFC will still "service" the mortgage. Bottom line, I'm really angry and disgusted by this. My question to the community is - is this worth my time to care about or is it just the way these things are done and I need to get over it? Now do I have to worry when the next financial crisis hits, if it hits, that we now do not have the security we thought we were buying?   [more]