AgentMortgage

Why do most lenders sell their mortgages?

Some disagree with the practice, but there are benefits
Published on Aug 25, 2008

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by CareyBot

"Why do most home mortgage lenders sell their mortgages instead of keeping them? I have a problem with negotiating my mortgage deal with one firm over a week, then having my loan sold to another firm that I did not select, and with whom I am obliged to deal for as long as 30 years. Is it possible for me to find a lender who will promise not to sell my loan?"

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