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To: SandyInSeattle

that is utterly meaningless.

Chase may still have, and probably HAS sold the promissory note and mortgage on the default swap market. They just kept the servicing rights.


21 posted on 10/20/2010 4:09:27 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: longtermmemmory
Chase may still have, and probably HAS sold the promissory note and mortgage on the default swap market. They just kept the servicing rights.

No, they didn't. Chase owns it completely.

I have had mortgages before with other companies that immediately flipped it to some unheard of outfit before I even made my first payment, but Chase hasn't done that.

25 posted on 10/20/2010 4:12:38 PM PDT by Not A Snowbird (When life gives you lemons, throw them back and demand chocolate.)
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