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Mortgage Professor about real estate brokers: | |||||||||||||||||||||||
HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US. As usual, the proposals were open for comment, and many thousands of them were received. Mine was among them, and is shown ... more... Save Commission by Becoming a Broker? March 20, 2000 "I just obtained my real estate broker's license. I want to finance the purchase of my own home and save money by earning the commission on the mortgage. Is there a list of lenders and loan programs similar to the ... more... |
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real estate brokers related definitions |
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Good Faith Estimate, GFE
Good Faith Estimate (GFE) A disclosure of estimated settlement costs. Lenders or brokers must provide this list to the loan applicant for a mortgage loan within 3 business days after receipt of the application. The GFE is intended to assure that consumers have adequate ... more... Mortgage Lender Mortgage Lender A company that lends money on the security of land, houses, and real estate. A mortgage lender is the institution that provides the money to the borrower at closing. The borrower in turn, will sign a note provided by the lender stating their debt, their obligation ... more... |
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