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re: Regions Mortgage
Posted on 11/21/16 at 5:47 am to baldona
Posted on 11/21/16 at 5:47 am to baldona
Not to derail this thread but why does a lender sell a mortgage?
I refinanced a property for a tiny amount. It is my only debt of any kind (everything paid off) and it's less than I make in a year.
I have never missed a payment and have no issues on my credit score and never have.
It's guaranteed money. Why would they not want to keep the loan?
I refinanced a property for a tiny amount. It is my only debt of any kind (everything paid off) and it's less than I make in a year.
I have never missed a payment and have no issues on my credit score and never have.
It's guaranteed money. Why would they not want to keep the loan?
2
Posted on 11/21/16 at 9:38 am to SECdragonmaster
Would you rather have an annuity with a 3.5% return or the cash up front for other investing?
Posted on 11/24/16 at 6:14 pm to SECdragonmaster
Some banks specialize in selling loans. They hold them for so long and then sell so many at a time to free up money to give new loans
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