My favorite was the following:

- I still have a mortgage on a property but don't live there so the mortgage bill gets sent to a different address (b/c rental property)

- Company A originated the mortgage and sells it to Company B

- Company B completely ignores the mailing address and starts sending bills to the original property address

- only through blind luck did I realize that the mortgage bill was being unpaid

This seems like basic, basic bookkeeping but I guess it's also a reminder that "reality has more detail than people realize" and that there are plenty of opportunities for improving systems.

Is there a way that you can track this yourself? I've had three different mortgages [1] in my lifetime and as far as I know it was all completely opaque who/what was ultimately holding the underlying debt.

[1]: First was a decade ago with RMG (a Canadian monoline lender) and the other two with Scotia, the first of which was a fixed mortgage at purchase, and the second was a refinancing.

I remember getting a mortgage and the loan officer saying that there was a 100% possibility that the loan would be sold within 60 days of closing.

After being chopped up and bundled with safe loans being mixed with non safe loans so nobody has any idea what’s being bought.

Where have I heard this before.

> My mortgage has been sold almost a half dozen times already.

Sure that could be true, but that has nothing to do with the public debt we're talking about.

Completely different markets.

That's like me saying the condo Market in Miami is hot and you rebutting that single family homes in HOA's in Phoenix are not hot right now.

Both can be true at the same time as they are completely different market that are only very tangentially relate.