Tag Archive for: unsalable loan

Who Buys Loans From Mortgage Banks; How It Works & Why It Matters

Most mortgages in America are funded by “mortgage banks” – which are entities that solely originate, underwrite, and fund mortgages; they do not hold deposits or do any of the […]Read More

Mortgage Companies Imploding Again! When to Worry

In 2006, the infamous Implode-O-Meter was established to predict and announce all of the mortgage companies that were going belly up. It was both fascinating and extremely helpful because it warned people to avoid lenders or investors (that buy loans) that were on the verge of bankruptcy.Read More

“Stips;” Loan Salability; Facing Huge Losses; And Why A Competitor Went To Bat For Us

What is the scariest thing on the planet? For mortgage banks, it is an unsalable loan. Mortgage banks literally borrow money to fund mortgage loans – using what is called […]Read More