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As I understand this current mess, a bunch of mortgages were bought by investors (or investment banks) who packaged them into groups and sold the rights to future cash return from those mortgages to other investors. With doubt that these will pay off as well as originally expected, the value of these "securities" has now fallen and is selling for much less than the original expected value. Further the market is so skittish about these mortgage back securities that it's difficult to find buyers at all.
So, if only I could find out which security is backed by my own mortgage, I could buy it back at a steep discount and forgive myself the original debt.
As an individual I know it's impossible to do so, but maybe if I could get together with other mortgage holders in my same "security" group, we could do something together. Dreaming, but an interesting thought.
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