Al Lewis: Wells Fargo Bank Sues Itself - FOXBusiness.com

"Four or five years ago, you would have never seen this," Fernandez said. "Now, it's very common."

In the final years of the housing boom, banks were lending to homeowners with no money down. To do this, they often made 80/20 loans, giving homeowners an 80% first mortgage and a 20% second mortgage.

Now, it seems these moronic mortgages require moronic foreclosures.