What are mortgage banks?

Answer A mortgage bank is a bank that specializes in originating mortgage loans to consumers by backing the funds for a loan. After the loan is originated, often it is sold to another investing source.Ide... Read More »

Top Q&A For: What are mortgage banks

What do banks look for in a mortgage?

Before deciding to grant a mortgage loan, banks review the creditworthiness of the buyers, their income-to-debt ratio and their available funds for a down payment. The banks also confirm the buyers... Read More »

What is mortgage cramming by banks?

Mortgage "cramming" or "cram-down" is a court-ordered adjustment in the terms of a mortgage loan, usually to prevent foreclosure. Banks can be ordered to cram certain mortgages, but not others.Term... Read More »

What are mortgage server banks?

Mortgage server banks act on behalf of mortgage companies and their borrowers to receive payments and process principal, interest, tax and insurance payments.FunctionMortgage banks and companies th... Read More »

Are mortgage centers better than banks for the best rates?

On One Hand: Mortgage Centers Can Access Multiple LendersMortgage centers can access many lenders and compare rates and terms for their customers, but they do charge a percentage for their time and... Read More »