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2. Mortgage bankers: Who they are and what they do in home ... - AOL

   www.aol.com/finance/mortgage-bankers-home...

   Many mortgage bankers generate revenue by charging borrowers an origination fee. Once a mortgage banker originates a loan, the banker can keep the loan in its portfolio and service it ...

3. Wholesale mortgage lenders - Wikipedia

   en.wikipedia.org/wiki/Wholesale_mortgage_lenders

   The mortgage broker originates the loan; however, the funding of the loan as well as the decision on the creditworthiness of the loan is handled by the wholesale lender. [2] The name of the wholesale lender typically appears on the loan documents, while the broker acts as an agent for the lender and collects a fee. [3]

4. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   In contrast, mortgage brokers utilised securitisation to obtain cheap funding and offer rates 1 to 1.5ppt lower than existing lenders. By originating loans and selling them to securities, mortgage brokers obtained commissions and fees for origination without retaining the risk of low quality loans. [55]

5. Mortgage broker - Wikipedia

   en.wikipedia.org/wiki/Mortgage_broker

   Mortgage brokers do not have the ability to charge the customer a higher or lower rate and in return obtain a higher or lower commission. In the event that the loan is paid back by the borrower within 24 months of the loan settlement, mortgage brokers are charged a "clawback" fee by the lenders since the loan is considered "unprofitable". The ...

6. No-closing-cost mortgage: How it works and how to decide if ...

   www.aol.com/finance/no-closing-cost-mortgage...

   How much are mortgage closing costs? Closing costs vary by the home’s cost and location, but you can typically expect to pay about 2 to 5 percent of your total loan amount in closing costs. The ...

7. 3 percent down mortgages: A guide to your options - AOL

   www.aol.com/finance/3-percent-down-mortgages...

   FHA loans – Insured by the Federal Housing Administration (FHA), FHA loans allow borrowers to put down just 3.5 percent with a credit score of 580 or higher, or at least 10 percent with a score ...