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Where is it now?

Xit2 came in a close second with news that it is launching Mortgages Reunited, allowing borrowers who took out mortgages now held by mortgage-backed securities to trace the current owner of their home loan.

Mark Blackwell, sales director of Xit2, says consumer research says people are beginning to see their mortgage in the same way as they do old classmates.

He says: “You start out in the same school, but then, over time, you lose contact. Consumers don’t know who owns their mortgages and they’re interested to know what’s happened to them – and where they are currently residing. Mortgages Reunited will give them the chance to find out which bankrupt country now owns a share of their lovely homes.” Good luck with that one, Xit2.

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