More details to this question:
Are there any lenders that guarantee that their mortgage loans will stay with the mortgage originator? Will not be subsequently sold and /or bundled to a third party? What if any laws pertain?
2 ANSWERS
No, i am not aware of any. The only way banks can make new loans is to sell the old ones.
Answered on Jan 02nd, 2013 at 5:08 PM
Generally, no. Most lenders can't afford to keep their money tied up in long term mortgages. That is why they have to collateralize and sell the loans to Wall Street. California and federal law encourages that practice.
Answered on Jan 02nd, 2013 at 5:08 PM