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I closed on my house 11/14. I just got a notice 12/17 from US Bank stating that they are the new servicer of my home mortgage. Is that a common practice for banks like Regions to sell your mortgage?
Yes, the reselling of mortgages is a common practice. Your original lender will then take the money from US Bank and lend it to someone else.
US Bank is a nice, healthy national bank that has less exposure to the subprime market (or so I was told). I have a HELOC through them, and I am perfectly happy with their service. Their online customer service is remarkably responsive.