[Toddsterpatriot]

Since we are not in that world. I'd venture to say "it matters not" to them.

That's an interesting claim. If no banks held any mortgages, no banks would be losing money on real estate.

Is that the case?

[NeoCaveman]

I wouldn't say they never hold any

But it's close

Source http://www.frbsf.org/publications/economics/letter/2009/el2009-33.html