[estrogen]

Are you trying to say that banks don't lend the money, it's all a paper transaction? Obviously, you don't know what your talking about. Almost 90% of banks and mortgage
companies sell to Fannie and Freddie. When the loan closes they expect the money immediately. Where do you think this money comes from? The bank

[agitator]

Banks don't loan *their* money, nor do they loan other depositor's money. They monetize your note - i.e., create money out of thin air, and put it in an account with your name on it. Then they can either sell your promise to repay yourself to somebody else or just collect interest for reminding you to pay yourself back :)

Please endeavor to learn something about the monetary system before engaging me again.