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    jesstina's Avatar
    jesstina Posts: 1, Reputation: 1
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    #1

    Jun 2, 2008, 05:05 PM
    Transfer of first lien mortgage loan
    I just received a mortgage loan covered by the real estate settlement procedures act. The first loan servicer told me that my loan is now transferred to a new servicer. Can you tell me why is that, the transfer is the same day.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jun 2, 2008, 05:16 PM
    Many lenders sell their loans to third parties, this is not uncommom at all.

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