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Does Fannie Mae keep late fees when bank is servicing the loan or does bank?
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What is the difference between servicing retained and servicing released mortgages?
Servicing retained is when the bank/whereever you originated your loan keeps the right to service you. That means that when (or if) they sell your loan to an investor, say Fannie Mae or Freddie Mac, you can still walk into your bank and hand them the check. Servicing released means that when (or if) your bank sells your loan, you will have to mail your checks to whomever it was sold to. Keep in mind that there is usually a fee involved w/ servicing retained, normally 25 basis points or .25%
How much do i have to keep in your account to avoid fees?
It depends on your bank. Ask them.
My wife and I are looking for a new bank in Detroit, Michigan what would be a good bank for us?
Bank of America is a great bank that has great coverage in the Detroit area. They keep their fees lower than most national banks and have branches across the country.
What is the minimum amount need to start a checking account at 5th 3rd bank?
To start a checking account at a fifth third bank you must at least have a minimum of fifteen dollars, because fifteen dollars is the cost of the monthly fees to keep the checking account.
Can a bank let you overdraw your account so they can charge you overdraft fees?
It is the consumers responsibility to keep their bank balances in check. The bank usually pays the amount due, and then pings the account NSF charges.The consumer, by not keeping track of the account balance(s) and spending money that isn't available deserves the NSF fees.Unfortunately, banks tend to push through larger debits first, and withhold deposited checks in an effort to trigger overdraft fees.One way to get overdraft fees refunded to you is to call the bank and ask who accepts legal paperwork on behalf of the bank (because you wish to take them to small claims court). This usually prompts them to refund your money since it would cost them more to defend themselves in court than it would to give you your fees back.
What is the difference between servicing retained and servicing released mortgages?
Servicing retained is when the bank/whereever you originated your loan keeps the right to service you. That means that when (or if) they sell your loan to an investor, say Fannie Mae or Freddie Mac, you can still walk into your bank and hand them the check. Servicing released means that when (or if) your bank sells your loan, you will have to mail your checks to whomever it was sold to. Keep in mind that there is usually a fee involved w/ servicing retained, normally 25 basis points or .25%
How much do i have to keep in your account to avoid fees?
It depends on your bank. Ask them.
Is it free to refinance a home?
Typically it is not free to refinance your home. There are fees from the bank and if you use a broker they will have fees also. However there are instances where a bank might waive their refinancing fees either because the government has mandated that banks do this for certain customers, or because the bank wants to keep you as a customer.
Why should a bank reconciliation be prepared periodically?
A bank reconciliation should be prepared periodically. This helps you keep up with the exact amount in your account and with any fees the bank is charging.
My wife and I are looking for a new bank in Detroit, Michigan what would be a good bank for us?
Bank of America is a great bank that has great coverage in the Detroit area. They keep their fees lower than most national banks and have branches across the country.
What is fannie pack type gear on college football players?
hand muffs to keep them warm.
Can I borrow more than my balance in secured bank credit cards?
No your limit is set by the balance you have on deposit with secured bank credit cards. This type of card is designed to keep you from going over the limit and gettinmg fees.
Will wow pay the fees or do you?
If you mean fees as in to keep your account open, then you have to pay.
Save Money on Your Savings Accounts?
Banks charge you fees to keep your money and dispense it as requested. But you can avoid those fees with smart use of a savings account. You can open a savings account at any bank, but they will charge you monthly fees to have it. Avoid the fees by opening your account where you already have your checking account. You will probably be able to avoid monthly fees on the savings account and may even be able to have the fees for your checking account waived. If you already have a checking account, all you will need is your account number and your driver's license or state ID card. If you do not have a checking account, the bank may want to see your social security card or birth certificate, as well.
What do actuary do in a bank?
A bank actuary will be able to evaluate customer accounts to determine if those customers are worth keeping. If a bank customer is frequently overdrawing his account or doesn't keep a certain balance, the bank actuary will make recommendations to the bank. While the bank may or may not be able to close the customer's account, they will treat the customer according to the actuary's evaluation. For example, if a customer consistently keeps a very low balance in a bank account, the bank could decide to start charging the customer administrative fees if she wants to keep the account open.
What to do after they repo my car?
The first thing you should do is contact the bank or financial institution. They will USUALLY be willing to make arrangments for payment and as long as you keep those arrangments you will get your car back. Keep in mind however they will most likely require you to pay the repo fees as well as redemption fees. Sometimes they will just roll the fees into the end of the loan so that you dont have to come up with so much money right away ... besides they get to collect intrest on it that way. Once you keep the arrangements with the bank they will issue paperwork to the repo company or auction saying the vehicle can be released and you will get a phone number to call to go pickup the vehicle.
What is the minimum amount need to start a checking account at 5th 3rd bank?
To start a checking account at a fifth third bank you must at least have a minimum of fifteen dollars, because fifteen dollars is the cost of the monthly fees to keep the checking account.
