> people who have loans, particularly mortgages, which are frequently traded amongst financial institutions, are locked in to a particular company like it or not
When we got the mortgage for our house, we went out of our way to arrange it with a bank with which we had (and have since had) no other dealings.
Result: Our "mortgage bank" has no insight into our day-to-day finances. Our "day-to-day bank" has no insight into our mortgage.
There are certain banks out there that don't sell your mortgage. The bank I have my mortgage through is one of those. Admittedly, they're kind of rare, but do exist.
When we got the mortgage for our house, we went out of our way to arrange it with a bank with which we had (and have since had) no other dealings.
Result: Our "mortgage bank" has no insight into our day-to-day finances. Our "day-to-day bank" has no insight into our mortgage.