I need help from the folks out there who Approve Mortgage Loans?

I need some advice desparately. I am trying to get financed for a loan and am running into a problem and am not sure if I am dealing with people who don't know what they are doing. I purchased a house in 2000. In 2003 my mortgage company (Bank A) sold my loan to another bank (Bank B). Bank B had my loan until 2005 - I sold the house. The finance company that is looking to fiinance me now (Bank C) is asking Bank B to provide them with three years of pay history and are expecting Bank B to give them Bank A's information. Well, Bank B won't give it to Bank C, but Bank A no longer exists. This is holding up the approval for my loan, so my questions are (1) do banks expect all banks to divulge other bank's information like this and is is normal practice (2) why would this hold up my approval everything else is a go (3) should I be looking for another bank or is there validity to what Bank C is doing. Anyone know how this works?I need help from the folks out there who Approve Mortgage Loans?
Did they ask you for mortgage payment statement/ stubs? Bank B should give you payment information to Bank C. They are just trying to see if you are up to date on your payments and if you are good customer. Bank B should have Bank A's information on your file. You should try a different lender if this issue does not end, or ask Bank C who they are talking to at Bank B and talk to them yourself. Maybe they need your permission and won't disclose the information to the third party.I need help from the folks out there who Approve Mortgage Loans?
bank B is not responsible for your payment history with the bank A. what your new lender is looking for is your mortgage payment history if this one is not reported on your credit history.( it is weird, that 2 bank don't report them on your credit)


if you can't get nothing from them, try to get copy of your mortgage payment checks from your checking account or copy of the monthly statements showing mortgage amount withdrawal.
They should only be looking for a 12 month history of paying on time. It does not seem as if they know what they are doing. I do loans for a living and as long as the past 12 months is reporting on your credit all the lender has to do is order a payoff. It seems like a bank I would not want handling my mortgage. If you have any futher questions you can email me @ karrie_ramel@countrywide.com