Good Question: Why Are Mortgages Sold?
After mortgage banker Alex Stenback of Alerus Mortgage helps people buy a new home, he sells off the mortgage. “We sell everything that we do here,” Stenback said. “When we sell them, it’s one by one.”...
View ArticleHARP changes put refinancing in reach of more homeowners
When the federal Home Affordable Refinance Program (HARP) launched in 2009, millions took advantage, but many other homeowners found they couldn’t qualify to refinance their underwater mortgages....
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