We buy Discounted Mortgages Why discount a Mortgage? You may not be aware that almost every mortgage in the United States has been sold, and usually for 100% of face value. How can this be? Quite simply if you buy a home and get a mortgage from your local bank, they do not usually keep that mortgage as an investment. Although they often keep the servicing rights for a collection fee. Instead they sell that mortgage to a Secondary Mortgage buyer. These Secondary Mortgage buyers are government supported private companies on the Stock Exchange.