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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: edward miller who wrote (12216)8/11/2003 3:20:56 PM
From: ildRead Replies (1) | Respond to of 306849
 
Ed, how do you know your loans were not sold, but Countrywide was just collecting your payments. FNM/FRE hold majority of US mortgages, but different banks collect payments (service).



To: edward miller who wrote (12216)8/11/2003 3:46:33 PM
From: patron_anejo_por_favorRespond to of 306849
 
I think it depends on the terms of the loan. Countrywide originated my mortgage in 1994 and dumped it within 6 months....moreover, their loan origination volume has been enormous, and there's no way they could (or would) keep all that on their balance sheet. They keep a sliver, but the vast majority gets securitized and sold (and the risk "offloaded" to Pluto).....


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