Do mortgage brokers assume risk? Mortgage banks assume all risks of loans they make, should the loans develop problems. Correspondent lenders do have some risk, if they do not adhere to underwriting guidelines of their wholesale lenders. ... The major risk involves interest rates, should they increase while the mortgage bank still holds unsold mortgages.
Do you own your house if you have a mortgage? Mortgage Guide Simply put, yes, you do own your home but your mortgage lender does have interest in the property b... more