The loan would lead to a deposit during the bank issuing the mortgage.

The loan would lead to a deposit during the bank issuing the mortgage. Together with reserves that are required the deposit stay static in their bank bank checking account (reserves acct) during the Fed. In the event that debtor chooses to go the deposit to some other bank (purchasing a residence, as an example), the …

The loan would lead to a deposit during the bank issuing the mortgage. Read More »