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Why do credit unions and banks sell their mortgages to other financial institutions or mortgage lenders?

April 26, 2017Banks credit financial institutions lenders mortgage mortgages sell unions

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Why do credit unions and banks sell their mortgages to other financial institutions or mortgage lenders?

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Quite simply, most often their highest priority is making the best return on their investments. If at any point during the life of your mortgage they get an offer to buy all or a category of their loans that increases their return, they will sell.