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What percentage of Mortgages does CitiMortgage sell?
Posted by James on August 19, 2009 in Home Loans | ∞
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My mortgage has been sold to CitiMortgage, along with basically all of ABN Amro’s mortgage business.
My mortgage has been sold to CitiMortgage, along with basically all of ABN Amro’s mortgage business.
I have had mortgages with ABN Amro for the past decade, I liked their service, and they never sold my mortgage.
My question is, I know that each lender discloses the percentage of mortgages they anticipate selling (ABN Amro sold 0-25% on average). What percentage does CitiMortgage run?
Do they normally keep mortgages or sell them?
This question is specific to CitiMortgage, not the industry as a whole.
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Don’t know how many they sell but they bought mine after I had it for less then a year. That was five years ago and they still have it.
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CitiMortgage, like Country Wide disclose 0% – 25% turnover. Here’s the kicker. If they sell your loan you will probably not even know as both Citi and CWBC are two of the biggest “Servicers” in the country. 99.99% of the time the loan is sold they will continue to be the servicer.
PS. I have CWBC as my 1st and Citi as my 2nd.
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Hi,
Checkout for some useful info on the matter. Good luck!