NOTES, in ALASKA - where are they?? Who owns them??

[Dolly Caswell]

Hi BP Experts,

I've been reading a lot about notes and note schools and have read a lot of the free stuff available online and my primary question is - where are the notes for Alaska?? I went to FCI Exchange, loanMLS.com and loanmarket.net and all of them had zero notes in Alaska. We do have a state backed (funded?) mortgage company, Alaska Housing Finance Corp (AHFC) here, and the usual banks and credit unions, but there must be some sort of market for notes in Alaska outside of the state. Maybe no one wants them because we are "that mysterious frozen land up north" in which case, send me your Alaska notes and I'll have a look at them! ha ha

Seriously, what happens to Alaska notes in a FNMA pool of mortgages that get sold? I'm sure Mr. Smith in FL or Mr. Brown in CA or Ms. White in GA isn't interested in having to foreclose on a property in Alaska. (I hope there isn't a Smith or Brown or White on BP!! it's only intended as an example) But I live here, and I know the greater Anchorage and Mat/Su Valley area, where I'd venture to say 80% of all the Alaska loans, notes, etc. are securitized.

There are at least two corporations who sell notes, and presumably buy them here too. But do they have first pick and do they get them all? Who would I talk to about finding any notes at all? I know, someone is going to ask me what I want to buy, 1st, 2nds, performing or non-performing. Heavens, I'd just like to find anything that the security is here...in my back yard.