you nailed it.

What I can't figure is who the H forecloses on a house and then lets it sit empty for a year or two before trying to unload it? That's what is done around here. It makes no sense to me and should not to any regulators who are even half awake. Are they all owned by HUD these days?

Zillow just showed a graphic that 2 houses were listed in a nearby zip code for every one that was sold last month. What does that mean? It tells .gov that real estate is HOT!

Big business is so confusing.

I do know that the FED bought all of those MBS 10 years ago because of all of the fraud packaged in them. Saved some bankers some jail time. I doubt those securities will ever come on the market lest things come to light. They'll just have to age gracefully in the Fed vaults like fine wine. lol.