Sentences with phrase «as a mortgage broker which»

Not exact matches

Home Capital Group has seen some of its riskier lending business drain away to the private, unregulated mortgage lenders — firms like Alpine Credit or the many so - called «mom - and - pop» shops which proliferated as small investors teamed up with brokers to provide short - term, non-amortized loans.

Some observers predict that such borrowers will be forced to tap networks of small investors who lend through mortgage brokers, as well as mortgage investment corporations — in other words, the most remote corners of Canada's shadow banking sector, which accounts for 40 % of Canada's banking space.

In the United States, which opened up its MLS to marketing - only services in 2008 as part of a settlement of an antitrust suit brought on by the Department of Justice, flat - fee brokers today represent about 10 % of the marketplace, and the FSBOs, according to a 2009 National Association of Realtors survey, 11 % (though, it's important to note, the U.S. market has been severely affected by the sub-prime mortgage crisis and had lower commissions in the first place).

The relationship - based nature of private lending, facilitated by a local North Bay mortgage broker, offers advantages such as easier qualification criteria that can take into the specific situation of a homeowner, which also offers a shorter approval process.

Mortgage brokers gained popularity as people sought alternative financing solutions, which they could not get from banks.

As such, aim to meet with three mortgage lenders — which could be banks, credit unions, mortgage brokers, or any combination thereof — and get what's called a good - faith estimate, which breaks down the mortgage's terms, including the interest rate and fees.

Tom of Mortgage Craft, a mortgage broker in Lancaster PA says, «we as mortgage brokers will know which banks tend to turn down applications as well as which banks are currently offering the best interest ratesMortgage Craft, a mortgage broker in Lancaster PA says, «we as mortgage brokers will know which banks tend to turn down applications as well as which banks are currently offering the best interest ratesmortgage broker in Lancaster PA says, «we as mortgage brokers will know which banks tend to turn down applications as well as which banks are currently offering the best interest ratesmortgage brokers will know which banks tend to turn down applications as well as which banks are currently offering the best interest rates».

Mortgage brokers, which tend to have access to a large variety of loans, may offer home improvement loans backed by an agency of the federal government, such as the Federal Housing Administration.

Mortgage brokers Napanee, Ontario can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges eveMortgage brokers Napanee, Ontario can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges evemortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

Muskoka mortgage brokers can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

Option 1 #: In some cases Mortgage Brokers can obtain a quote which lay out specific conditions as well as subject to an appraisal.

If a higher price is required for CMHC insurance coverage, the square footage, which is input by the lender and supplied by the mortgage broker, can be increased as required.

In the current economy, Vancouverites can consider themselves lucky: our lending system, which includes mortgage brokers, banks and the real estate industry as a whole, are all thriving.

As mortgage brokers we usually advise our clients to take a open mortgage which allows them to pay off the mortgage early if they want to.

Brokers don't always offer the same rates or products as the banks, which is why we provide comprehensive mortgage rate market comparison in Canada, comparing different brokers as well as banks, credit unions, and other lenders fBrokers don't always offer the same rates or products as the banks, which is why we provide comprehensive mortgage rate market comparison in Canada, comparing different brokers as well as banks, credit unions, and other lenders fbrokers as well as banks, credit unions, and other lenders for you.

A mortgage broker resume objective is written by an applicant looking to secure a job as a mortgage broker in a firm which forms a link between buyers and lenders.

The broker emphasized the secure nature of the potential investment, which would be secured as a second mortgage subject to a first mortgage of almost $ 300,000.

Additional laws come into play if you share your Web site with any financial affiliates, such as a mortgage broker, which may be regulated under other laws.

This means local mortgage brokers» clients are having to pay about the same as the median average increase of QLD which is 48.06 %.

84 DOS 99 Matter of DOS v. Woodland - failure to appear at hearing; jurisdiction; mortgage applications; failure to pay judgment; ex parte hearing may proceeding upon proof of proper service; DOS has jurisdiction over respondents for acts of misconduct which occurred during licensure even though the licenses expired on their own terms; DOS fails its burden of proof to establish broker failed to obtain signature on agency disclosure form; DOS fails its burden of proof to establish that a broker has an obligation to «pre-qualify» a potential purchaser; broker breached duty to deal honestly with the public when advised purchaser he would assist in obtaining financing and failed to do so; DOS fails its burden of proof that broker wrongfully failed to hold a $ 500.00 deposit in escrow as deposit was remitted to seller with the permission of buyer; failure to pay judgment without a showing that broker is unable to do so is a demonstration of untrustworthiness; no action to be taken for reapplication for broker's license until payment of $ 1,000.00 fine and proof of satisfaction of judgment

Steven G. Walther, Inc. v. Taranto (16 A.D. 3d 1076) buyers procured by broker remained ready willing and able to complete the purchase pursuant to the terms of the purchase contract thereby entitling broker to its commission where purchase and sale contract addendum made the offer contingent upon the sale of buyer's existing residence; pursuant to the addendum, seller received another purchase offer, he was entitled, upon notice to the buyers, to accept the offer and cancel the contract with the buyers unless they removed the sale and transfer of title contingency within three days after receiving such notice; buyers could remove the contingency by demonstrating in writing that they had accepted a mortgage loan commitment which does not require the sale and transfer of title of their property as a condition of the mortgage loan funding; buyer complied with such requirement, even though mortgage loan commitment was subject to additional conditions not prohibited by the contract; judgment for broker.

Kreuter v. Tsucalas (287 A.D. 2d 50)- negotiation of a lower payoff figure for an existing mortgage does not constitute regulated real estate activities as defined in Real Property Law § 440 which includes negotiation or offering or attempting to negotiate a loan secured or to be secured by a mortgage; mortgage broker entitled to commission pursuant to agreement for negotiating a lower mortgage payoff

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained

You can run into mortgage broker license issues, securities issues such as 506c (which allows you to solicited to the general public but puts the burden of proof of accredited investors onto you or a 3rd party.)

We've added a new category for your mortgage broker social media service called «Regional Real Estate and Mortgage Content», which you can now select as part of your «Done for You» social media mortgage broker social media service called «Regional Real Estate and Mortgage Content», which you can now select as part of your «Done for You» social media Mortgage Content», which you can now select as part of your «Done for You» social media service.

Under the subheading «Services Borrower Did Shop For» and in the applicable column as described in paragraph (f) of this section, an itemization of the services and corresponding costs for each of the settlement services required by the creditor for which the consumer shopped in accordance with § 1026.19 (e)(1)(vi)(A) and that are provided by persons other than the creditor or mortgage broker, the name of the person ultimately receiving the payment for each such amount, and the total of all such itemized costs that are designated borrower - paid at or before closing.

Under the subheading «Services Borrower Did Not Shop For» and in the applicable columns as described in paragraph (f) of this section, an itemization of the services and corresponding costs for each of the settlement services required by the creditor for which the consumer did not shop in accordance with § 1026.19 (e)(1)(vi)(A) and that are provided by persons other than the creditor or mortgage broker, the name of the person ultimately receiving the payment for each such amount, and the total of all such itemized amounts that are designated borrower - paid at or before closing.

A mortgage broker commenter asserted that there should be two definitions of application: one definition to trigger the obligation to provide pre-qualification worksheets, and a different definition to trigger the obligation to issue a Loan Estimate, which should retain the catch - all item or be the same as the definition used in Regulation B.

These commenters also questioned the definition of «loan costs» in comment 37 (l)(1)(i)-1 which defines loan costs as costs disclosed under § 1026.37 (f), arguing that the amount disclosed would be overstated because the definition does not account for credits provided by the creditor, mortgage broker, seller, or other party.