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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 60.74+4.6%4:00 PM EST
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To: Lazarus who wrote (189479)5/2/2023 5:44:24 PM
From: SGJ  Read Replies (1) of 207841
 
Banks sell them and keep the servicing, as they call it. They send you the monthly statement, process the payments and keep up with the accounting for a few basis points. They sell the mortgages off to brokers who specialize in packaging them as MBS which then the majority is bought by the FED. So the answer is mostly the Federal Reserve.
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