News for hackers. Stuff that matters.

A comment on Some young people are buying houses with friends. Parent comment

Re:Some young people are buying houses with friends by Spooky23 on Wednesday March 06, 2019 @01:18PM (#19321163)
Most US banks sell the loans immediately and are basically middlemen. They don’t care.
[ Parent | on HN ]
Re:Some young people are buying houses with friends by czbond on Wednesday March 06, 2019 @02:52PM (#19322116)
Agree here. Most of the money made on a mortgage with the lowest risk are the origination fees (say ~$10k in US) and then the individual mortgages are sold off to sit in tranches where they are risked by credit level and p
[ Parent | on HN ]