Question for the Mortgage guys

[Breakthecycle2]

We JUST closed a month ago on our home and moved in last week. We have an FHA backed loan and haven't even made a payment on it yet. Yesterday, we notice that our current mortgage company sold it already to BOA. Why would this happen already? I HATE BOA...lol

[Anonymous]

that is about par for the course.  They do this because they need the funds back to fund the next loan and so on.

[Breakthecycle2]

Nice. I thought so. Thanks!