Mortgages can be securitized and bundled up in one batch and sold to investors. They can be bought and sold like securities so that when a mortgage company forecloses, whoever owns the note owns the mortgage. Predatory lending in the mortgage arena can mean that home loans for mortgages are developed with the terms fixed in such a manner that the intention is that the loan fail.
Mortgages with negative amortization or balloon note from the beginning are set up to fail.
Mortgage fraud can put even decent, law-abiding citizens who always make their mortgage payments on time out on the street. Currently mortgages are often purchased and sold making it difficult to tell who even owns your note and/or mortgage. If you are behind in your mortgage payments or have been contacted regarding payments on your mortgage, you need the advice of a strong legal advocate for consumer's rights.