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Updated over 6 years ago on .

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from San Francisco, CA
  • Member since Oct 20, 2016
  • Posts 33
  • Votes 18
  • Experience 7 Yrs
  • Investments 1
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from San Francisco, CA
  • Member since Oct 20, 2016
  • Posts 33
  • Votes 18
  • Experience 7 Yrs
  • Investments 1
Connect
Account Closed
  • Rental Property Investor
  • San Francisco, CA
18
Votes |
33
Posts
General Real Estate Investing

Lender transfers mortgage

Account Closed
  • Rental Property Investor
  • San Francisco, CA
Posted

I have an existing mortgage and the lender turned it over to another mortgage company to service the loan.  Apparently this is their routine practice with mortgages for rental properties.  I don't care either way, but I am just wondering how this is profitable to the new lender?  Are they piecing it up and selling it as part of mortgage-backed securities?  Do those still exist?

Asking to satisfy my curiosity only.

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