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In real estate, mortgage assignments refer to the transfer of mortgage rights on a loan associated with a property. Initially, a loan may be issued by a lender, referred to as Bank A, with the homeowner pledging the mortgage as collateral. At some point, Bank A may choose to consolidate loans or transfer assets, leading to the loan being assigned to another lender, referred to as Bank B. This process does not create a new loan; the original mortgage simply shifts from one lender to another. To formalize this transfer, a document known as a mortgage assignment is executed and recorded in the land records, ensuring the original mortgage remains intact without reconfiguring its terms.