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There are basically two main reasons why a lender might sell your mortgage. The first has to do with capital. When a loan gets sold, the lender has basically sold servicing rights to the loan, which clears up credit lines and enables the lender to lend money to the other borrowers.What is Mr Cooper mortgage?
Mr. Cooper is a standard mortgage lender in that they offer home purchase loans and refinance loans. This has made them a top-20 home loan lender in the nation.What is home loan modification?
Home loan modification is the reinstatement of the mortgage to make it affordable for borrowers by reducing the interest rate or monthly installments, increasing the length of the payment period or allowing a different type of loan.