I stumbled on this article (I think I found it on Rense.com) where the author thinks mortgage notes could be sold locally like a municipal bond. She doesn't think it will happen because she thinks the Feds are trying to cover up the enormous extent of mortgage fraud that happened during the go-go days. Particularly by keeping hold of the control of these mortgage notes, they can keep shredding the damning evidence.
Perhaps a little pressure by writing our representatives could change this. Just a thought. I hope, anyway, that writing our representatives still actually has an effect, because I've been doing an awful lot of it lately for food freedom etc. and getting form letters back in the mail. Unfortunately some of these form letters seem to suggest I wrote supporting the opposite opinion, so that's pretty confusing to me. I'll have to write back and clarify, I guess.