Mortgage Loans

Some articles on mortgage, mortgage loans, loans, loan, mortgage loan:

Mortgage Bank
... A Mortgage bank specializes in originating and/or servicing mortgage loans ... A mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers ... The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital ...
Flagstar Bank - Predatory Lending and Mortgage Fraud
... improperly approving thousands of residential home mortgage loans for government insurance ... Specifically, the DOJ alleges that the Company (i) used unauthorized staff employees in the loan approval process (ii) paid substantial incentive awards to these unauthorized ... and (iv) misled FHA and HUD by certifying that the loans had been fully underwritten by properly registered and sufficiently experienced underwriters when ...
Mortgage Fraud - Types
... Occupancy fraud This occurs where the borrower wishes to obtain a mortgage to acquire an investment property, but states on the loan application that the borrower will ... In addition, lenders allow larger loans on owner-occupied homes compared to loans for investment properties ... materially misprepresented the risk to the lender to obtain more favorable loan terms ...
Warehouse Line Of Credit
... A warehouse line of credit is a credit line used by mortgage bankers ... It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans ... The cycle starts with the mortgage banker taking a loan application from the property buyer ...
American Freedom Mortgage - Subprime and Alt-A Mortgage Lending Activities
... At the beginning of 2006, AFM was a leading subprime and Alt-A mortgage correspondent lender and mortgage broker in the United States ... Subprime mortgage loans are riskier loans in that they are made to borrowers unable to qualify under traditional, more stringent criteria due to a ... Subprime mortgage loans have a much higher rate of default than prime mortgage loans and are priced based on the risk assumed by the lender ...

Famous quotes containing the words loans and/or mortgage:

    The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations.... But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.
    John Kenneth Galbraith (b. 1908)

    Loosened from the minor’s tether;
    Free to mortgage or to sell,
    Wild as wind, and light as feather
    Bid the slaves of thrift farewell.
    Samuel Johnson (1709–1784)