Okay. We all know mortgages and other debt are bundled into securities and
sold as securities. And we know that this mitigates risk by the old "safety
in numbers" theory.

What I am wondering is do banks notify you if your debt has been
securitized? Wells originated my loan(s) and a guy called me to ask if I
was having any problems, blah blah.

As we discussed the issue at hand he said that I would have been notified if
the loan had been sold to another. I said, "Yes...another BANK. But not as
an MBS"

Anyway, what do you think? It is my understanding that all banks dump the
loans as securities to free up capital for other investments.

Just curious.