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Loans portfolio's are built into blocks and

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BBANBOB Member Level  Wednesday, 02/12/20 12:26:10 PM
Re: hotmeat post# 612139
Post # of 625685 
Loans portfolio's are built into blocks and sold to others all the time. Now it seems I am aware of this more so than you are as I have had several loans I took out with small mortgage brokers(cheaper) over the years that ended up being sold to the likes of WELLS ect.

Wife was a mortgage broker for 6 yrs a friend owns a mortgage company and I have had 8 mortgages so yeppers I do understand just a tad about mortgages, plus we own a bank, or a darn good piece of it.

Not one single mortgage I took out with the original broker stayed with that broker , they were packaged and sold up stream.

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