What happens to mortgages if the bank goes out of business and no one wants to buy them?

I hear that if a bank goes under other banks will buy these mortgages. But with so many mortgages exceeding values of homes, many banks might not want to buy the mortgages. What would happen if a bank goes under, and no one wants to buy their crappy mortgages?

It would not happen. Some other lender would purchase the mortgages, simply because there is value there. No bank has ALL crappy mortgages. Another lender(s) will analyze the quality of the ‘paper’ and make a decision what the entire package is worth, and would purchase same, perhaps for less than the actual outstanding amount.

was israel’s occupation of the west bank brutal or benign?

I do here about the blockade of gaza but I just looked at the IMF website of the occupation and checked some library books on facts about israel as well as wikipedia and saw that there was a great improvement on the economies prior to the intifada according to the IMF the economies grew 30 % a year faster than israel’s!! There were almost no home demolitions and no restrictions on freedom of movement. Also israel left gaza in 2005 and most of the west bank is under the PA. So what is going on here?

Once upon a time people used to use an expression "Kibush Naor" — "Enlightened Occupation" for it.

But nobody has used that, except in irony, for years.

Haven’t thought of that in ages, ’til your query reminded me of it!

top 20 bank of the world?

name of the top 20 bank of the world

RankNameHeadquartersDeposits (billions)
1JP Morgan Chase & Co.New York, NY$1,009
2Bank of AmericaCharlotte, NC$884
3Wells FargoSan Francisco, CA$785
4CitigroupNew York, NY$774
5PNC Financial Services GroupPittsburgh, PA$193
6HSBC HoldingsLondon$161
7Bank of New York MellonNew York, NY$160
8U.S. BancorpMinneapolis, MN$159
9SunTrust BankAtlanta, GA$113
10State Street Corp.Boston, MA$112
11Capital One FinancialMcClean, VA$109
12BB&T CorporationWinston-Salem, NC$98.7
13Toronto-Dominion BankToronto, ON$95.6
14Royal Bank of ScotlandEdinburgh$94.8
15Regions FinancialBirmingham, AL$90.9
16Fifth Third BancorpCincinnati, OH$78.9
17ING GroupWilmington, DE$71.8
18KeyCorpCleveland, OH$65.3
19Northern TrustChicago, IL$62.4
20Bank of MontrealToronto, ON$53.7

How many bank statements does the Greece Embassy needs to apply a Schengen Visa from Dubai for the first time?

On their previous emails to me, they told me that they need 3 months bank statement. But yesterday, my friend told me (who is traveling most of the time) that recently they are asking for 6 months bank statement for new applicants. I am confused now, can anyone clear this out? Thanks!

3 is enough. if you are unsure ask them :)

Andrew jackson veto of the recharter bill for the bank of the united states was?


it was a GOOD thing
one of the few actually productive acts of the Jackson administration.
( Indian removal being one of the embarrassments …. )

The Bankers constituted a bunch of VIPERS and Jackson vowed to
ROUTE THEM OUT, and so he did, but the vipers returned.

The SYSTEM right now suffers because a cartel of crooks has
legalized a form of FRAUD in that the bankers get away with
lending out more money than they have, that is they get to
CREATE MONEY – that job was given to CONGRESS in the CONSTITUTION
therefore the bankers are taking powers that are NOT rightfully theirs to exercise.

The system is corrupt to the bone!

If you want CHANGE, CHANGE YOU CAN BELIEVE IN
then BOYCOTT BLACK FRIDAY – note that consumerism is NOT sustainable.

Lets Roll!

did you relise bank of america (bom) & visa have frozen wikileaks accounts ?

what are they scared of ? what about our freedom ? we must not let them turn us into sheep.

The wiki guy is a douche. He should take his @ss back to his own $hit country and mind his own phucking business. He left there to come here because we are bad? Why did he leave there?
You do not understand the difference between liberty and freedom.

What team (driver) from RPM will have the highest finish in the Bank of America 500?


not one person mentioned paul menard????????????????????????? even the people that put "all" the drivers for rpm down, they only got three, its going to be paul menard, he runs really really really well at these types of tracks

What bank has a good interest rate for a savings account?

Interested in opening a savings account and I would like to have some of YOUR opinions.
1. What bank has a good interest rate for a savings account?
2. What bank do you consider number 1?
3. And what bank do you bank with?

here there are good sites on business http://all-info.org/ans.php?ques=4AA6HlE

Is it okay to have a bank account just for paying bills?

Like, it’s only for security reasons. Because I don’t like using my card that linked to ANY of my accounts at the bank I use. Is it okay to have another account at a different insititution just for paying student loan, electricity, rent and phone. So that all these "hands" will be somewhere not link to my savings. I know i’ will definetly have to mirco manage that the account is updated.

Absolutely it’s OK and actually a very smart way to keep your primary accounts secure.
I have a second account at a credit union just for bill pay, paypal income, and internet transactions….it’s not used for any other reason and is in no way linked to our household accounts.

Do make sure that whatever account you open doesn’t come with hidden fees. Some banks require a minimum balance, or direct pay, or other quirky little conditions. Most credit unions don’t seem to charge those kind of fees why that might be a good option for your second account.

which bank do you guys think is the best?

chase citibank hsbc America bank of america

Either Bank Of America or Chase. Although just remember that most major banks like all the ones you just listed are going to have a debit card fee Chase is $3.00 right now and Bank Of America is $5.00 starting in 2012. However, In general I would say Bank Of America even though the fee’s suck!