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In 2001, with interest rates lower than they had been since the 1960s, the mortgage industry originated more than $2 trillion in loans for the first time ever. Mortgage brokers handled roughly 55 percent of these loans.
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How is it possible to get into the mortgage industry?
It is possible to get into the mortgage industry through special university training. Most people from the mortgage industry received degrees in business administration. Many successful members of the industry had internships while in school to get acquainted to the industry.
What kind of industry is the mortgage industry?
Financial loans
How have the securities markets affected the mortgage finance industry?
Securities markets drive mortgage pricing nationwide, heavily influence mortgage product design, and reduce the mortgage finance industry's reliance on mortgage portfolio lenders.
What does LP mean in the mortgage industry?
What does LP menas in mortgage terms
What are some of Nevada's industries?
The gambling/casino industry and the mortgage industry.
Is there any company that offers mortgage employment?
The mortgage industry's employment level took a big hit in April, while overall U.S. employment data deteriorated in May. Most places have little of no open jobs available.
Why is home mortgage refinancing such a growth business?
Home mortgage refinancing has become a big business due to the downturn in the economy. With the severe drop in interest rates, it is possible to save hundreds in monthly payments, as a result, a new industry is born.
what is Commercial Mortgage?
A commercial mortgage is not the same as a residential mortgage. A commercial mortgage applies to commercial buildings or businesses. Businesspeople take out commercial mortgages.
Where can one find a list of careers in mortgage lending?
There really isn't a place that has a list of careers in mortgage lending. There are several jobs that one can hold in the mortgage industry including a Mortgage Loan Specialist and a Mortgage Compliance Analyst.
What financial products does PHH Mortgage Services offer?
PHH Mortgage Services is the industry leader in mortgage services. For example PHH Mortgage Services guarantees that they will meet their clients' requested closing dates.
Who is the industry leader in mortgage brokering?
Industry leaders include Manhattan Mortgage Co., of New York City, which secured more than $4 billion in loan revenues in 2002 and operated as the top residential mortgage brokerage in the metropolitan New York area.
Will a drug conviction prevent you from being employed in the mortgage industry?
No, a drug conviction will not automatically prevent a person from being employed in the mortgage industry. Each company has their requirements that a person must meet to be hired.
