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Mortgage Professor about mortgage loan originators: | |||||||||||||||||||||||
Borrowers Should Be Able to Fire Mortgage Servicers
February 2, 2004 "I'm very unhappy with the lender servicing my mortgage, would you spell out the procedures for changing lenders?" Bad news, the only way to change the lender servicing your loan is by refinancing. Unless you have other reasons to refinance, ... more... Do Secondary Mortgage Markets Help Borrowers? October 7, 1999, revised April 2, 2003 "In a recent column you said that there was no serious downside to borrowers from having their loans sold, but you didn't point to any upside to the practice, either?Don't loan sales raise costs, ... more... |
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mortgage loan originators related definitions |
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Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more... Second Mortgage, Home Equity Loan Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... |
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More about mortgage loan originators Jumbo Mortgage Loans - Getting Approved for a Jumbo Mortgage Loan Online Bad Credit Mortgage Lender - What to Look For What Is A Second Mortgage? Exotic Mortgage Refinancing First and Second Mortgage into a Single Loan Refinance Benefits - Refinancing Could Save You Money Refinancing vs Line of Credit No Money Down Mortgage Loans - Ways To Get Approved For a Home Loan Online With Zero Down Debt Consolidation Mortgage - Decode Its Apparent Complexity What is a Mortgage?
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