Why Loans Get Sold

December 2, 2019By RL61EyhvrWClosing and After, Uncategorized No Comments

So your mortgage was sold? Relax — it’s a very common occurrence and doesn’t mean the previous company thought it was a bad loan. The primary reason that servicing companies sell loans is to boost their liquidity. It has nothing to do with the loan being “good,” “bad,” or anything else. A mortgage loan has two parts. On any…