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What Are Mortgage "Junk Fees"?
August 3, 1998 "I have been warned to watch out for junk fees. What are they, and how much might they cost me?" Junk fees are upfront charges by the lender that are not included in "points". Junk fees are expressed in dollars whereas points are expressed as a percent of ... more... Avoiding Markups on Third Party Settlement Services December 17, 2001 ?The Federal appellate court in the 7th circuit recently ruled that it is legal for lenders to make a profit on third party services sold to borrowers, such as appraisals and credit reports. In contrast, HUD has always said that markups were illegal if there were no ... more... |
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credit report fee related definitions |
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Closing
Closing The meeting between the buyer, seller and lender or their agents where the property and funds legally change hands. Also called settlement. Closing costs usually include an origination fee, ... more... Credit Report Credit Report A report documenting the credit history and current status of a borrower's credit standing, detailing a borrowers credit history including payment history on revolving accounts (eg. credit cards) and installment ... more... |
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More about credit report fee Figuring Out the Ever Nebulous Numbers Called "Credit Scores" Consumer Debt Solution - Analyzing Your Options Watch Out For Credit Repairs Consolidate and Live Debt Free Lower Credit Card Debt What You Don't Know About The Real Estate Process, Some Inside Secrets Should You Choose to Refinance? How to Order the Right Credit Reports to Repair Your Own Credit Consider a Program to Consolidate Your Debt Guide To Refinancing Your Mortgage
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