Not exact matches
As the recent housing bubble progressed, the profile of mortgage
originations changed, so that
at the very peak of the housing bubble, new
originations took the form of Alt - As (low or no requirement to document
income) and Option - ARMs (teaser rates, with no required principal repayments).
John Moffatt, head of loan
origination at Better Mortgage, says borrowers who have
at least one year of Airbnb
income claimed on their tax return and proof of
income from Airbnb qualify.
But when
origination fees are granted in perpetuity, they can actually depress business development — a point made by Tom Collins
at More Partnership
Income, as well as by Larry Bodine
at The Law Marketing Blog.
«Under his leadership, we have achieved record revenue and net
income in mortgage
originations, improved our market share, and perhaps most important, greatly improved our customers» experience
at Chase.
Fixed -
income investors and large bond fund managers are buying CRE - CLOs, which is creating a permanent term financing tool for bridge lenders, notes Felix Gutnikov, a principal and executive vice president of
origination at Thorofare Capital, a loan
origination and servicing company.
Here is a link to James Altucher's recent podcast with Ryan Holiday: http://www.jamesaltucher.com/2016/06/ryan-holiday/ Jay Voorhees or Heejin Kim Voorhees
at (925) 855-4491 Real Estate Broker, CA Bureau of Real Estate, BRE # 01524255, NMLS # 335646 * The above rate quote has the following assumptions: $ 500,000 purchase; $ 400,000 loan amount; 20 % down payment; credit score above 740; property is SFR; borrower has sufficient
income to qualify; Estimated closing costs affecting the APR include $ 4,000 for
Origination Fee; $ 995 for Lender Fees; $ 2,300 for Title Insurance (CLTA and ALTA), $ 800 for Escrow Fee; and $ 1,000 for Prepaid Interest.
Jay Voorhees or Heejin Kim Voorhees
at (925) 855-4491 Real Estate Broker, CA Bureau of Real Estate, BRE # 01524255, NMLS # 335646 * The above rate quote has the following assumptions: $ 500,000 purchase; $ 400,000 loan amount; 20 % down payment; credit score above 740; property is SFR; borrower has sufficient
income to qualify; Estimated closing costs affecting the APR include $ 4,000 for
Origination Fee; $ 995 for Lender Fees; $ 2,300 for Title Insurance (CLTA and ALTA), $ 800 for Escrow Fee; and $ 1,000 for Prepaid Interest.
More than
income, adding loan
origination to a list of services gives salespeople
at a small or mid-size company a chance to offer something close to the one - stop shopping packages offered by larger brokerages.