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Why do mortgage brokers normally have no risk in the mortgage process?
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What are the risks associated with the mortgage origination process?
what are the risk associated with mortgage orgination
How do I know if I have Mortgage insurance?
i have mortgage and homeowner insurance and fidc risk insurance
Predatory lenders can charge higher interest rates because someone with bad credit is considered a higher risk than someone with good credit?
Some lenders will charge a higher interest rate to someone with a low fico score or "bruised credit". They are not necessarily "predator lenders" but must take a higher risk than the bank. I am assuming that you are referring to real estate lending. There are private lenders, institutional lenders, mortgage brokers, and mortgage bankers. I would suggest you check with a member of NAMB. National Association of Mortgage Brokers. They are licensed in each State they operate in and also uphold their standards to the Mortgage Broker Code of Ethics. They are licensed and bonded. As far as consumer credit, auto loans, credit cards & payday loans, I am not qualified to answer
What does it meant to be a mortgage underwriter?
To be a mortgage underwriter means that one determines if the risk of lending money to an individual is acceptable. Today, mortgage underwriter and banks use computer models to help determine this risk.
What do securities brokers do in addition to buying and selling securities?
In addition to buying and selling securities, brokers can advise and educate their clients on investments, saving for retirement, and tolerance for risk. Overall, brokers spend a great deal of time marketing their services and products
What are the risks associated with the mortgage origination process?
what are the risk associated with mortgage orgination
What risk is inherent in second mortgage loans?
the main risk is that the first mortgage will not be paid. if the first mortgage is not paid, goes into default, and is foreclosed, the second mortgage will be determined in the foreclosure sale.
How do I know if I have Mortgage insurance?
i have mortgage and homeowner insurance and fidc risk insurance
Predatory lenders can charge higher interest rates because someone with bad credit is considered a higher risk than someone with good credit?
Some lenders will charge a higher interest rate to someone with a low fico score or "bruised credit". They are not necessarily "predator lenders" but must take a higher risk than the bank. I am assuming that you are referring to real estate lending. There are private lenders, institutional lenders, mortgage brokers, and mortgage bankers. I would suggest you check with a member of NAMB. National Association of Mortgage Brokers. They are licensed in each State they operate in and also uphold their standards to the Mortgage Broker Code of Ethics. They are licensed and bonded. As far as consumer credit, auto loans, credit cards & payday loans, I am not qualified to answer
What does it meant to be a mortgage underwriter?
To be a mortgage underwriter means that one determines if the risk of lending money to an individual is acceptable. Today, mortgage underwriter and banks use computer models to help determine this risk.
What do securities brokers do in addition to buying and selling securities?
In addition to buying and selling securities, brokers can advise and educate their clients on investments, saving for retirement, and tolerance for risk. Overall, brokers spend a great deal of time marketing their services and products
What is Interest rate on mortgage?
It will depend on the lender and the risk of default.
How are jumbo mortgage rates different than conventional mortgage rates?
Jumbo mortgage rates are generally 0.25-0.50% higher than conventional mortgage rates. Jumbo loans are a higher risk for lenders and therefore are charged higher interest rates to offset that risk, in the event of default.
Why did people in the 1980s and 1990s make high-risk investments?
Brokers promised an easy way to get rich.
Which companies offer mortgage loan modification?
"Every mortgage lender or mortgage servicer offers mortgage loan modification. There are also many third party companies that offer mortgage loan modification, but work with them at your own risk."
What has the author Noel Fahey written?
Noel Fahey has written: 'Measuring and pricing mortgage risk' -- subject(s): Mortgage loans
What is one advantage of getting a government-sponsored mortgage instead of a conventional mortgage?
The lender would see a government sponsored mortgage as less risky and give a lower interest rate due to that reduced risk. The degree of risk and rate reduction would depend on the specifics of the government's sponsorship.
