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What is table funding?
A lending method employed when a loan originator does not have access to the money necessary to make loans and then hold them until it has enough to sell on the secondary market. As a result, the originator forms a relationship with a lender who provides the funds for closing and immediately takes an assignment of the loan.This is called table funding. Under regulations of the Department of Housing and Urban Development, table-funded loans must disclose service release premiums-profit received by the originator-on the loan closing settlement statement. Loans sold on the secondary market do not have to make those disclosures.
Are home equity loans generally installment loans with a 5-15 year term?
Yes, home equity loans are installment loans secured by one's primary resicence and have terms between 5 to 15 years, the most typical of which is 10 years.
What is the primary emphasis of short term lenders?
fast return on money loans at a high interest rate
What was the primary purpose of Grameen Bank is to?
The purpose of the Grameen Bank is to provide microcredit loans, especially to women.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
What is table funding?
A lending method employed when a loan originator does not have access to the money necessary to make loans and then hold them until it has enough to sell on the secondary market. As a result, the originator forms a relationship with a lender who provides the funds for closing and immediately takes an assignment of the loan.This is called table funding. Under regulations of the Department of Housing and Urban Development, table-funded loans must disclose service release premiums-profit received by the originator-on the loan closing settlement statement. Loans sold on the secondary market do not have to make those disclosures.
What are the primary assets of credit unions?
Consumer Loans
Are home equity loans generally installment loans with a 5-15 year term?
Yes, home equity loans are installment loans secured by one's primary resicence and have terms between 5 to 15 years, the most typical of which is 10 years.
What is a call originator?
A call originator is the person placing a call to another subscriber on a telephone network.
What is the primary purpose of a loans credit?
The meaning for loans credit may be the amount that is loaned. A primary purpose for a loan is perhaps to improve the home, replacing old appliances, and to generally add value. Another purpose may be to purchase a new car, or even for a holiday.
What is the primary emphasis of short term lenders?
fast return on money loans at a high interest rate
What was the primary purpose of Grameen Bank is to?
The purpose of the Grameen Bank is to provide microcredit loans, especially to women.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
Who is originator of acebrophylline?
sun
What does progenitor?
1. ancestor: a direct ancestor of somebody or something 2. originator: the originator of or original model for something
If your cosigner defaults on other loans but you are making your payments can they repossess your vehicle?
No. You are the primary borrower and are honoring your financial obligation.
Was Jesus the originator of the church?
He is the originator and head of the church. The church is not a building, but made up of those who believe in Him as Lord and Savior.
