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Economy

Tuesday Afternoon

(56,912 posts) Thu Oct 18, 2012, 04:30 PM Oct 2012

consequence but, when the Homeowner wants to go shopping for another Bank to refinance all of the sudden Equity is a HUGE deal?

Why is that ?

12 replies

= new reply since forum marked as read

Highlight:

How come when one Bank wants to sell a mortgage to another Bank the Equity is of no [View all] Tuesday Afternoon Oct 2012 OP

The short version Po_d Mainiac Oct 2012 #1

The OP question was about mortgages, not bonds Po_d Mainiac Oct 2012 #11

Fair enough. n/t A HERETIC I AM Oct 2012 #12

banks don't have certain moral hazard issues that homeowners have. unblock Oct 2012 #3

Banks don't sell mortgages to each other, they sell bonds. A HERETIC I AM Oct 2012 #5

Sounds as if Chase is acting as the mortgage servicer A HERETIC I AM Oct 2012 #7

so - basically they are trying to pass on the handling charges to me? Tuesday Afternoon Oct 2012 #8

Sounds like it. A HERETIC I AM Oct 2012 #9

thanks for the info and the advice - Tuesday Afternoon Oct 2012 #10