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In real estate, mortgage assignments are documents that represent the transfer of mortgage rights on a loan for a property. When a borrower, typically a homeowner, pledges a mortgage to guarantee a loan issued by a lender (e.g., Bank A), the lender may later decide to consolidate loans or transfer assets. They can transfer the loan to another lender, say Bank B, without creating a new loan; the original mortgage simply transfers from one bank to another. This transfer must be documented in land records through the execution of a mortgage assignment, which maintains the integrity of the original mortgage while officially changing the lender.