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CPRVHokie

Joined: 05/26/2007 Posts: 40188
Likes: 5731


The lack of knowledge about the mortgage market is stunning.


US Bank doesn’t own your loan. You don’t owe US Bank money. They simply collect a fee for servicing your loan (sending statements, collecting escrow, handling payments). The debt is owed to about a hundred entities that purchased a MBS fromFannie Mae

(In response to this post by HokieForever)

Posted: 03/05/2020 at 8:56PM



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Current Thread:
  Exactly -- MrBayAreaHokie 03/06/2020 12:34AM
  No, you literally pay them zero money. -- MP4VT2004 03/05/2020 8:26PM
  OK. Whatever makes you feel better. ** -- CPRVHokie 03/05/2020 8:28PM
  Yeah 3.5 is still better than the 4.25 I was paying -- HokieForever 03/05/2020 8:40PM
  MORTGAGE COMPANIES DONT KEEP LOANS ON THEIR BOOKS. -- CPRVHokie 03/05/2020 8:58PM
  Yep ** -- pfishe 03/06/2020 07:10AM
  Refinancing no closing costs -- HokieForever 03/05/2020 8:25PM
  Oh they definitely selling it they always do -- HokieForever 03/05/2020 8:38PM
  Yes understood, they bought -- HokieForever 03/05/2020 9:25PM
  I posted that I have no closing costs -- HokieForever 03/05/2020 9:59PM
  Many federal loan guidelines as well as state, require -- PhotoHokieNC 03/05/2020 6:52PM

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