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What is the difference between the federal home loan mortgage corp and the federal home loan bank?
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What is the difference between wholesale and retail mortgage?
A wholesale mortgage is done through a broker who then originates it with the bank that funds the loan. A retail mortgage is originated directly with the bank that will fund the transaction.
What is the difference between a government bank and nationalised bank?
the government bank is run by the state government and the nationalised bank is run by the federal government
What is the difference between bank loans and mortgages?
A mortgage is a loan that is secure with real estate or personal property. A bank loan is money that is borrowed with a contract to pay the money back.
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
What companies provide Mortgage Financing?
Many companies provide mortgage financing to their clients. Some examples of these companies include US Bank, Fremont Bank, and NuVision Federal Credit Union.
What is the difference between wholesale and retail mortgage?
A wholesale mortgage is done through a broker who then originates it with the bank that funds the loan. A retail mortgage is originated directly with the bank that will fund the transaction.
What is the difference between a loan company and a bank when it comes to a mortgage?
Mortgage companies typically employ brokers who are paid commissions based on sales. This is the main difference, but not only.
Is a home mortgage debt considered a federal debt?
No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.
What is the difference between a mortgage lender and a mortgage noteholder?
Mortgage lenders provide the actual money for the loan and take homeowners through the funding/approval process. Mortgage lenders may sell your mortgage to an investment bank after it is funded, and that investment bank becomes the note holder. Any bank that buys your mortgage after it is funded becomes the note holder.
What is the difference between a government bank and nationalised bank?
the government bank is run by the state government and the nationalised bank is run by the federal government
What is the main difference between the duties of a bank audit department and the duties of a Federal Reserve Bank examination team?
The main difference between the duties of a bank audit department and the duties of a Federal Reserve Bank examination team is: The duties of a bank audit department cannot audit the ederal Reserve Bank examination team but the duties of a Federal Reserve Bank examination team can audit the bank audit department.
What is the difference between bank loans and mortgages?
A mortgage is a loan that is secure with real estate or personal property. A bank loan is money that is borrowed with a contract to pay the money back.
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
What companies provide Mortgage Financing?
Many companies provide mortgage financing to their clients. Some examples of these companies include US Bank, Fremont Bank, and NuVision Federal Credit Union.
What is the Difference between a Junior Mortgage and a second mortgage?
The difference is really all in how the loans were originated. A junior mortgage refers to the lien placement on the property title. A second mortgage means a mortgagor has more than one loan on a property with the same lender. For example, If I purchase a home (assuming the title is clean and there are no liens on the title) and get the loan with ABC Bank then ABC Bank is considered the senior mortgage. If I obtain another loan with ABC Bank most commonly a HELOC or Home Equity Line of Credit then it is a second mortgage in second position. Let's say that after I obtained the second loan with ABC Bank, I chose to take out a smaller loan against the property with XYZ Bank. That loan will be considered a junior lien. The loans won't always fall that clean on the title however. You can have a junior lien between a senior lien and second mortgage. In the example above if the XYZ Bank loan was taken out before the second mortgage with ABC Bank then it would still be called a junior lien and the second mortgage with ABC Bank would be the second mortgage with ABC Bank but in third position. Hope that helps!
Where can one find information about current bank mortgage rates?
Current bank mortgage rates must be posted by the bank online at at their locations. General information about the average rates nationwide are released by the Federal Home Loan Mortgage Corporation, also known as Freddie Mac, on a weekly basis.
What is the difference between a national bank and a state bank?
All national banks must be members of the Federal Reserve System, while state banks can join if they wish.
