For a while he even held the mortgage on it.

The bank holding the mortgage has felt very put upon.

But the bank that held the underlying mortgage went out of business.

The company holds the mortgage on every house that is bought.

The bank had held the first mortgage on the co-op.

Just to be rid of the place, they signed their interest over to the bank that held the mortgage.

What did it matter, he pointed out kindly, who held the mortgage?

This made banks who could have been holding underwater mortgages very happy.

And banks are writing them as second mortgages, even if another bank holds the first mortgage.

Which is fine unless you're a supplier whose bill isn't being paid, or the bank holding the mortgage on your theater.