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Big assumption that the "bank" owns the loan, in particular the original lender. If it has been pooled nobody is going to answer the phone.
by beezle 3y ago
Big assumption that the "bank" owns the loan, in particular the original lender. If it has been pooled nobody is going to answer the phone.
- onlyrealcuzzo 3y agoIt doesn't matter if the bank owns it or it's packaged in an MBS. Whoever owns it would be financially inventivized to let you pay off your loan at a discount and pocket the difference in reinvesting at a higher yield.