ST Alpha - "The selling of new mortgages is an industry I don't understand." (Reading a Post)

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In response to "My settlement lady said that it's a good idea to make my first mortgage payment by mailing in a check." by Dano

The selling of new mortgages is an industry I don't understand.

Posted by David (aka David) Jul 12 '16, 19:58

It's obviously extremely lucrative. I have no conceptualization of how, though.

Responses:

I was also trying to figure out how that worked too. - Dano Jul 12, 20:03 10
- that's what I found when I researched my early sale to a gse (freddie or fannie) - they collect debt that's meant to be good (likely to be paid) and - i.b! Jul 12, 20:20
- Sort of. - iSpam Jul 12, 20:20
- I think that's about it. Pretty much the underlying concept of The Big Short - except in that case they - Meg Jul 12, 20:10
- My WAG is that it's something much simpler. - David Jul 12, 20:08 6
  - I think we need Nick Jonas in a bubble bath to explain it. -- nm - Dano Jul 12, 20:11 5
    - Wait! Is Nick the hot one? -- nm - David Jul 12, 20:12 4
      - Keep up. The Jonas Brother hierarchy goes: Nick > Joe > Joel Osteen > Kevin -- nm - Dano Jul 12, 20:15 3
        
        Is Joel Osteen, like, honorary or what? -- nm - David Jul 12, 20:16 2
        
        He's just a jerk, but Kevin is worse. (Andy Cohen and Billy Bush are worse than Kevin though) -- nm - Dano Jul 12, 20:18 1
        
        Is AllJonasBrothersRanked.com down for maintenance or what? -- nm - David Jul 12, 20:19
My mortgage was sold twice before I made my first payment. I kind of understand why but mostly not. -- nm - Amanda Jul 12, 20:00 2
- The way I understand it is this. - Spawn Jul 12, 20:02 1
  - almost - Peglegpete Jul 12, 20:05

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