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Real Estate
Reply to "Originator retained loan (for now)?"
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[quote=Anonymous]Anyone else have this happen recently? Was told all through closing process that mortgage originator would likely sell the loan (as is typical for the vast majority of their loans), but originator decided to keep it. Not a big deal either way, but am curious why. Is this because of the slow down in mortgage volume overall (i.e., keeping the loan as alternate income since they won't be getting so many origination fees, especially not from refinances)? [/quote]
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