Quick answer: To make money on the sale of the loan and relend the proceeds to make another loan and repeat the cycle....over, and over, and over....again!
Note: (See The Golden Rule - Those with the Gold make the Rules!)
Source: http://www.creditinfocenter.com/mortgage/sellloans.shtml
References to products and services are not a specific endorsement, but the user must perform their due diligence and investigate whether the product or service is right for them. I welcome any or all comments that would help others.
No comments:
Post a Comment