Can you prevent a bank from selling a home mortgage to another bank?
I got a letter that my mortgage is being sold to FannieMae. I picked my current mortgage company based on online features, free weekly payment program (and other free programs), stability, and proximity to my home. I think a bank should have to get consent before selling a home mortgage and provide some sort of compensation for the inconvenience. 
2 Responses
marva
14 May 2010
John E
14 May 2010
There is nothing you can do about it. It has happened to me several times.
When a mortgage is sold, it doesn’t mean your method and place of payment necessarily changes. In most cases the originator continues to service the loan. If you are looking for the best home mortgage rates or want to reduce your mortgage loan payments, check out this site
http://Best-Mortgage-Refinancing.com
Here you can get free quotes from all available companies in your area. its the best way to find an affordable payment with a reliable company.
Hope this help,