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A comment on Mortgages are a manufactured product. Parent comment

Re:Mortgages are a manufactured product by cortesoft on Friday January 14, 2022 @03:12PM (#29939711)
Sure, but as a home buyer, what happened to your mortgage after you purchase your home only really matters to you as far as who the servicer is... you don't care or even know who owns the other parts.

US home owners use mortgages for the same purpose as people in other countries... to be able to pay off their home over time. How is it any different as a home owner in the US verse the rest of the world?

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Re:Mortgages are a manufactured product by DwnVoteHoneyPot on Friday January 14, 2022 @03:32PM (#29940015)
From the home owner perspective, the derivatives are nice because the borrower are able to get a lower mortgage interest rate, or a longer mortgage, or qualify for a mortgage when they could not before. The risk of non-payment is spread out, allowing less compensation for the risk.
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