In NCUA’s 2022 Supervisory Priorities letter, NCUA Chairman Harper indicated that examiners will be focusing on reviewing policies covering loan workout
Why Do Banks Sell Their Mortgages – And Which Ones Don’t
Lower rates
Reputable providers
Powered by
Mar 03, 2021
Much about the home-buying process can be confusing. When you add mortgages to the mix, it can become even more challenging. From interest rates to closing costs, it can be tough to keep track of everything it takes to become a homeowner.
What We ll Cover
Unfortunately, being prepared for
everything is next to impossible, and sometimes life can throw you a curveball. As one of our users recently asked:
Bank of America sold my mortgage to Carrington. What does this mean?
In truth, it happens all the time banks frequently sell their mortgages to other financial institutions. Here’s why they do it: to free up money for selling more mortgages. Fortunately, this common occurrence doesn’t have to keep you up at night.