stlhead...if they cant package and sell the loans they all go out of business, less than a handfull of lenders on this planet have the financial capacity to not only fund but retain and service loans...the lenders are on the hook for defaults in many cases even on loans that get sold to investors, that is why many small lenders have gone down lately, buyback requests from investors will bring you down faster than any other thing...anyway good times in the real estate world right now and an overdue but overreacted correction taking place...cheers