1. BankBoston sold its mortgage servicing business to HomeSide Inc., a joint venture with Barnett Banks Inc. and investment firm Thomas H. Lee. 2. Ahmanson sells fixed mortgages to investors while keeping adjustable rate loans on its balance sheet. 3. But just as banks sell mortgages on the secondary market, health clubs often sell some of their contracts to finance companies. 4. But most lenders sell their mortgages instantaneously. 5. Confederation Life is selling repackaged mortgages on retail stores, offices buildings and apartment buildings, in a transaction led by Lehman Brothers. 6. Countrywide originates, services, buys and sells mortgages through its Countrywide Home Loans Inc. unit. 7. E-Loan likely will hang around to sell mortgages for a while yet, but why invest while the economy is heading south? 8. Fannie Mae then sells the mortgages in bundles to Wall Street firms that package the loans into mortgage-backed securities. 9. Fannie Mae is a U.S. government-sponsored institution that buys and sells mortgages and sells guaranteed mortgage-backed securities. 10. It also said recently it would sell a mortgage banking unit. |