For example,
some common loan purposes might include:
Not exact matches
The group incentive nature of employee stock ownership and profit sharing makes this an effective way to create and reinforce a sense of
common purpose, and to encourage higher commitment and productivity.23 It is also the case with ESOPs that the new ownership might not be viewed by the firm in the same way as other added compensation because the ownership is financed through
loans to buy new capital as company stock, with Federal tax incentives, and the shares are not paid as normal wages and benefits out of company budget reserved for this
purpose.
Jumbos
loans are the most
common portfolio
loan; however, 1 - 4 unit properties that are being purchased for investment
purposes rather than as primary, owner - occupied residences are often portfolio
loans too.
A
common misconception about mortgage
loans is that they can only be used for home or property - related purchases, when in fact, the
loan money can be used for any
purpose.
The home equity
loans we offer can also be used for less
common purposes like stopping a power of sale, foreclosure or helping out family members.
Affiliated Business Arrangment means an arrangement in which (A) a person who is in a position to refer business incident to or a part of a real estate settlement service involving a federally related mortgage
loan, or an associate of such person, has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1 percent in a provider of settlement services; and (B) either of such persons directly or indirectly refers such business to that provider or affirmatively influences the selection of that provider; and (8) the term «associate» means one who has one or more of the following relationships with a person in a position to refer settlement business: (A) a spouse, parent, or child of such person; (B) a corporation or business entity that controls, is controlled by, or is under
common control with such person; (C) an employer, officer, director, partner, franchisor, or franchisee of such person; or (D) anyone who has an agreement, arrangement, or understanding, with such person, the
purpose or substantial effect of which is to enable the person in a position to refer settlement business to benefit financially from the referrals of such business.