Hi
This is commical .... in the context of what has been included in an arrears letter.
One could consider the comment, contained within an arrears letter, to mean: please bring your arrears up to date quickly, as we need to sell on your loan as part of a bundle to raise funds ... and we can raise more money if we sell your loan on to another party, when it's not in arrears
Securitisation, is effectively the bundling of homeloans (or other forms of debt, as the case may be) and selling them on in one transaction, to another party. Historically, it was used as a form of fund raising, for the mainstream lenders, to allow them to raise capital and then lend additional funds. However, in today's market, it could equally be used to help Banks raise much needed capital, to meet current and future regulatory requirements. As for who continues to manage your account, it tends to remain with the original lender although in theory, it could move depending on the terms of the agreement between your original lender and the purchaser of the bundle of loans.
Whether or not your loan has been sold on, by way of Securitisation, does not matter to you - remain contractually bound by the terms, as is the counterpart (even if this becomes a new entity).
Do all you can to pay your arrears & if your in financial difficulty, do go and speak with your Lender and provide all information they require, as regularly as requested or if you have a change in circumstances.
Regards
Mr. Earl.