Mortgage Broker Vs. Direct Lender: What’s the Difference? – If you’re in the market for a home. a mortgage. For many people, this is the stressful part. You have to get your finances in shape, review your credit report, and decide where to apply for a loan..
Stearns Lending files Chapter 11 bankruptcy after mortgage interest rate increases – The company gets 55% of its loans through wholesale connections, which happens when independent mortgage brokers hand off loans. According to Home Mortgage Disclosure Act data, the It also operates.
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Xalles Holdings to Acquire LYC Mortgage – As a Direct Lender, LYC Mortgage earns larger profit margins on mortgage products than the brokers or correspondent lenders will be acquiring. The Xalles team plans to utilize some of its.
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Existing Homes: Low Mortgage Rates Revive Sales – Fueled by low mortgage rates, existing-home sales in May sprang 2.5 percent, with inventory leveling up to 1.92 million, according to the latest National Association of REALTORS® report. “The month of.
Unregistered mortgage broker in hot water over $500 million in questionable home loans – B.C. regulator accuses unregistered mortgage broker in case that spans almost a decade with hundreds of files, some involving major lenders and documents altered to inflate income numbers. The.
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