“Long Beach Savings was the first existing bank to adopt what was called the “originate and sell” model. This proved such a hit—Wall Street would buy your loans, even if you would not!—that a new company, called B&C mortgage, was founded to do nothing but originate and sell.” Wall StreetRecessionSubprime Mortgage LoansB C MortgageLong Beach SavingsOriginate And Sell Book:The Big Short: Inside the Doomsday Machine Source: The Big Short: Inside the Doomsday Machine