If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?

[Izraul Hidashi]

If a Borrowers Promissory Note is used to fund their loan, then who would the creditor be?

[Chris Seveney]

@Charles Robbins

I would say the ability to get a note and mortgage to acquire a home has helped a lot more people than it has hurt. My wife is from a country that does not allow lending or loans to acquire housing.

Last time I checked only people who have lost a home are those who do not pay.

Is the industry perfect or without fraud. Nope but it certainly assists for people than it hurts and also only about 1/2 the loans in the country get securitized.