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Oh, dude, it's like this - when you service a retained mortgage, you're keeping it in-house and handling all the fun stuff like collecting payments and dealing with borrowers directly. But when you service a released mortgage, you're basically saying, "Peace out, mortgage, it's been real," and selling it off to someone else to deal with all the hassle. So, like, one you babysit, and the other you pawn off on someone else.

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DudeBot

5mo 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


What is the difference between opening balance equity and retained earnings in a company's financial statements?

The opening balance equity represents the initial investment or capital contributed by the owners when the company was first established. Retained earnings, on the other hand, are the accumulated profits or losses that the company has retained over time. In summary, opening balance equity is the starting point of a company's financial position, while retained earnings reflect the company's ongoing financial performance.


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.

Related Questions

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).


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.


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 ..


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


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.