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Posted on 11/18/16 at 6:59 am to GeauxTigers1983
quote:
I was told they keep them. At least in the beginning.
Good deal. Again I'm not in the industry I just own some rental properties and have a couple mortgages, but I'd say they most likely don't keep 100% of their mortgages all the time. They may keep a lot of them, but it usually depends on their business goal at the time, what they are selling for, what their portfolio looks like, what kind of mortagage you have, etc.
All I'm saying, is that I wouldn't plan 100% on them keeping your mortgage as the primary reason to go with them.
This post was edited on 11/18/16 at 7:00 am
Posted on 11/18/16 at 7:42 am to GeauxTigers1983
They most likely sell the paper but retain the servicing.
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