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What is the difference between servicing retained and servicing released mortgages?
Wiki User
∙ 14y ago
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%
Wiki User
∙ 14y ago
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Can wellsfargo place a home in foreclosure when it's owned by Bank of America?
Possibly, if Wells Fargo is the servicing company for Bank of America. Maybe the loan at one time started with Wells and they sold the loan to BOA. They could have retained the servicing of the loan.
What are the types of long term sources of finance?
In a household- home mortgages and saving. In a Business- owners capital, retained earnings, state grants, debentures/ long term loans, sale and lease back
Can dividends be paid out of retained loss?
No, dividends cannot be paid out of a retained loss. In order to pay out your retained losses, you will need to get a shareholder loan.
What is retained earnings deficit?
In accounting, retained earnings refers to the portion of net income which is retained by the corporation rather than distributed to its owners as dividends. Similarly, if the corporation takes a loss, then that loss is retained and called variously retained losses, accumulated losses or accumulated deficit. Retained earnings and losses are cumulative from year to year with losses offsetting earnings.
Is retained earnings a liability?
NO, the retained earnings would be in the equity part of the equation.
What is the difference between retained earnings and retained profits?
none
Can wellsfargo place a home in foreclosure when it's owned by Bank of America?
Possibly, if Wells Fargo is the servicing company for Bank of America. Maybe the loan at one time started with Wells and they sold the loan to BOA. They could have retained the servicing of the loan.
What is the difference between appropriated and unappropriated retained earnings?
Net earning of the firms, included retained earning, dividend etc.
What is the difference between retained earnings and reserve?
Retained earnings are current year profit and Reserves are allotted the amount from last year profits as reserves.
What is the difference between retained earnings and retained profit?
Retained profits are profits of that particular financial year (After taken into account of dividends payouts, transfer to reserves and etc) without adding profits from the previous year. When Retained profit of the current year is transferred to the balance sheet after adding previous year profits, it is called retained earnings.(Retained profit + Retained earnings b/d = Retained earnings c/d).
What are the types of long term sources of finance?
In a household- home mortgages and saving. In a Business- owners capital, retained earnings, state grants, debentures/ long term loans, sale and lease back
Where does the fund for payroll come from Does it come from net income/retained earnings?
The difference between revenue and retained earnings is that revenue is the ... they are derived from net income on the income statement and contribute to ..
Difference between retained earnings and paid in capital?
Paid in capital is that amount which investor invest in company while retained earning is that portion of profit which is not distributed to shareholders of company.
What are captured military medical personnel are?
Retained
Is reserves similar or different from retained profit?
Reserves are similar in this sence that these are also created from net income and retained earnings are as well but the difference is that both are created and limited for different uses in business.
What major difference might be present on the postwar map had russia not pulled out of war?
It might have retained its western boundary.
Should your hcg levels go down after a miscarriage?
Probably not that you would notice as the retained twin would soon make up the difference.
