Not exact matches
The state of Louisiana
does not approve or disapprove any
loan brokerage contract.
The FHA
does not actually
loan money; it insures
loans that are provided by a partner bank or mortgage
brokerage firm that works in partnership with the FHA.
Amazon's advantage is that, unlike big banks, it doesn't need to sell other financial products such as mortgages, auto
loans or
brokerage accounts that younger and lower - income customer may not need or want, to be able to provide free checking.
JPMorgan Chase
does not require that customers structure or hold their balances in any particular type of account in order to qualify for a
loan or the Private Client Mortgage Rate Program, nor
does JPMorgan Chase require customers to purchase any nontraditional banking products or services (such as
brokerage accounts).
How
does it feel for them when they don't understand what RESPA is, what APR is, etc. and when their
brokerage, agent, mortgage company,
loan officer, etc. can't immediately walk them through this with streamlined transparency?
yes, this was general practice at my older
brokerage, who is no longer in business — things have a way of working themselves out...... but I still get pressure at my broker now who
does loans..