When the opportunity presented itself, I refinanced our mortgage with Chase. A key goal was to get out from underneath WF. Every mortgage that I've had has en

When the opportunity presented itself, I refinanced our mortgage with Chase. A key goal was to get out from underneath WF. Every mortgage that I've had has ended up in WF. WF is a mortgage black hole, they buy everything and it's pretty clear that a vast majority of the mortgage industry is to act as service bureaus for WF. I completely understand both business models, I just don't want to play. When I got the new mortgage, I mentioned to the person handling our application that I was hopeful they would not be selling my paper to WF. Chase is not a mere broker, they're the whole kit. He said he couldn't guarantee they wouldn't sell the paper, and I understood that. But loans are Chases business too, so far they're holding on to it (typically they're sold in the first few months). So, for the moment I'm out from underneath WF, and have been for several years.