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What is a mortgage company?

Updated: 9/14/2023
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13y ago

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This is a type of regulated lender that specifically lends money for people to purchase "Real Property" (homes)

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13y ago
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Q: What is a mortgage company?
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Related questions

What can a mortgage company do if mortgage had not been paid in 4 years?

What can a mortgage company do if mortgage has not been paid in 4 years


How do you know if your foreclosure will be pursued by the mortgage company?

go ask the mortgage company.


Does the mortgage company verify your income?

Yes the mortgage company verifies income.


What is a chaffee mortgage?

A Chaffee mortgage is a mortgage obtained from this specific company. Chaffee is a company that will give out loans for homes to people who qualify.


What is corp adv fee?

These are any costs that a mortgage company has incurred in the collection or servicing of a mortgage. An example of a corporate advance fee would be if the second mortgage company makes a payment to the first mortgage company.


When was Franklin American Mortgage Company created?

Franklin American Mortgage Company was created in 1993.


Can a mortgage company report a foreclosure?

Yes. A foreclosure can be reported by the entity that foreclosed, by the servicing agent for the entity that owned the mortgage when it was foreclosed or by a mortgage company if it held the mortgage when it was foreclosed.


Can mortgage company foreclose on an estate home in probate?

Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.


Will bankruptcy protect me from foreclosure by my mortgage company?

Yes, bankruptcy protect you from foreclosure by your mortgage company. You can read more at www.hirby.com/mortgage-lender-filing-for-bankruptcy


What company provides the best canadian mortgage rate?

RateHub is a company that provides one of the best Canadian mortgage rates. Another company that provide the best Canadian mortgage rates include RateSupermarket.


When mortgage holders die what are mine and the mortgage company rights?

If a mortgage holder (mortgagee) dies the rights under the mortgage pass to her heirs. If a mortgagor (borrower) dies the mortgage company has a lien on real estate that still must be paid.


Should I get a loan modification attorney or do it myself?

It depends on if your mortgage company is willing to work with you. Our attorney advised us to work with the mortgage company directly. This was the process we went through: 1. Call mortgage company and speak to specialist.2. Fill out questionnaire sent by mortgage company to home owner.3. Gather & send in paperwork requested by mortgage company.4. Receive response from mortgage company.5. Receive, sign and send back loan modification paperwork.