Topic: Mortgage Industry
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Answers to Common Questions
What Is LP in the Mortgage Industry?
The two major mortgage underwriting corporations are Freddie Mac and Fannie Mae. Freddie Mac uses a software program known as LP, or Loan Prospector, to give its lenders and idea if a potential borrower will be able to qualify for a new mor... Read More »
Source: http://www.ehow.com/about_6130843_lp-mortgage-industry_.html
What Is Blockbusting in Reference to the Mortgage Industry?
Blockbusting is an illegal real estate sales practice and occurs when a real estate professional encourages you to sell your property based on alleged minority influence in a neighborhood or area. Read More »
Source: http://www.ehow.com/facts_5810395_blockbusting-reference-mortgage...
How to Benefit from Scrutiny Over the Mortgage Industry
Phone your lender early. Don't let wishful thinking allow you to get more than a month behind in your payments. Since most homeowners find themselves unable to make their mortgage payments after the loss of a job or because of a medical eme... Read More »
Source: http://www.ehow.com/how_5424736_benefit-scrutiny-over-mortgage-in...
Featured Content:
Mortgage Industry
The mortgage industry plays a central role in many homeowners' ability to purchase a house. A mortgage is a type of loan used in the purchase of a home. Mortgage is from the French word for "dead pledge,"… More »
Source: www.ehow.com
More Common Questions
Answers to Other Common Questions
In 2001, with interest rates lower than they had been since the 1960s, the mortgage industry originated more than $2 trillion in loans for the first time ever. Mortgage brokers handled roughly 55 percent of these loans.
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Source: http://wiki.answers.com/Q/How_big_is_the_mortgage_industry
Financial loans Note: There are comments associated with this question. See the discussion page to add to the conversation.
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Source: http://wiki.answers.com/Q/How_large_is_the_reverse_mortgage_indus...
A 1008 form is a Uniform Underwriting and Transmittal Summary. It includes (I) Borrower and Property Information, (II) Mortgage Information, (III) Underwriting Information, and (IV) Seller, Contract, an Contact Information.
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Source: http://wiki.answers.com/Q/What_is_a_1008_form_in_the_Mortgage_or_...
When mortgage companies try to get clients to sell their homes at a loss by suggesting or implying that because undesirable minorities are moving in to that area real estate values will plummet it is known as blockbusting.
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Source: http://www.answerbag.com/q_view/2480045
I know of 3 people personally these layoffs effected and they were all in the business for 5-10 years, I think the layoffs will keep happening until they close their doors or someone buys them out like bank of america. Sorry about the layof...
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Source: http://answers.yahoo.com/question/index?qid=20071008081401AAROd6F
Ok, you’ve probably heard about the “Mortgage Crisis”…but what does that mean exactly? Up until recently the mortgage industry had been enjoying a freedom never before experienced. In greatly appreciating markets across the U.S., banks and ...
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Source: http://www.trulia.com/blog/barrett_powell/2008/09/what_in_the_wor...
