More Mortgage News

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  Loan Boarding

  Loan boarding refers to the process of accepting new loans into a servicing company’s...

  • Posted June 2, 2019
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  Pros And Cons Of Piggyback Mortgage Loans

  A piggyback mortgage is a term used to describe the simultaneous financing of a...

  • Posted June 2, 2019
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  Qualifying Mortgages For Self Employed Borrowers

  People intuitively think that those who are self-employed would find it easier to obtain...

  • Posted May 31, 2019
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  Mortgage Options For Divorce And Separation

  Nobody walks into a marriage looking forward to a divorce. But sometimes things just...

  • Posted May 30, 2019
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  Conditional Prepayment Rate (CPR)

  CPR = 1 – (1-SMM)12 CPR – Conditional prepayment rate SMM – Single monthly...

  • Posted May 27, 2019
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  Mortgage Rebate

  A mortgage rebate is a cash payment made to a borrower for accepting a...

  • Posted May 26, 2019
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  Loan Commitment Letter

  A loan commitment letter is a document originated from a lender to inform an...

  • Posted May 25, 2019
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  The Various Scenarios Of Loss Mitigation

  Loss mitigation is the term used by lenders to describe the process of working...

  • Posted May 23, 2019
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  Correspondent Lender

  A correspondent lender is a lender who originate and approve their own loans, and...

  • Posted May 22, 2019
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  Participation Mortgage

  A participation mortgage is a loan contract between borrower and lender that entitles the...

  • Posted May 16, 2019
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