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In real estate, mortgage assignments refer to the transfer of mortgage rights on a property loan. Initially, a homeowner pledges their mortgage to secure a loan from a lender, referred to here as Bank A. If Bank A later decides to consolidate loans or transfer assets, it may transfer the mortgage to another lender, termed Bank B. This transfer does not create a new loan between the borrower and lender but rather transfers the existing mortgage. To document this transfer, a mortgage assignment is executed, which ensures that the original mortgage remains intact and simply changes the lender without altering the terms of the loan.