Yes, the bank owns the home until you do. But residential loans are different from commercial loans. Most notably, commercial loans typically have call provisions.
Try renting out your home for more than s year, the bank will reclassify the property and probably demand a refinance to a commercial loan.
Well, that was basically my point. Commercial loans fuel commerce in this country. Clients/businesses that service their debt well, make big money, for both client and lender. Banks don’t generally want to piss off that kind of business.