A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions.
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Year: 2008 – As of October 1, 2008, there have been 120 sub-prime and credit crisis-related. because the defendants had failed to appropriately write-down both the company’s sub-prime mortgage portfolio and its.
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Difference Between a Mortgage Banker vs. a Mortgage Broker – A mortgage broker doesn’t represent one institution, but works with many to shop for a loan for a specific individual. The banker is a direct lender. The broker is a middleman between you and the lender. The jobs are similar and the federal Bureau of Labor Statistics lists both as "loan officers" with similar functions and pay.
Month: December 2008 – The complaint alleges, among other things, that the offering documents did not accurately reflect the company’s true financial condition, because the defendants had failed to appropriately write-down.
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