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  2. Mortgagor vs. mortgagee: What’s the difference? - AOL

    www.aol.com/finance/mortgagor-vs-mortgagee...

    The mortgagee is the lender originating and providing funds for mortgages, whether to help a borrower buy a home or refinance to a new loan. The lender or mortgagee could be a bank, credit union ...

  3. Cost of funds index - Wikipedia

    en.wikipedia.org/wiki/Cost_of_Funds_Index

    In California, for example, many home mortgage loans are indexed to the Federal Home Loan Bank of San Francisco. Interest rates on COFI loans and mortgages tend to fluctuate more slowly than variable-rate loans linked to other indexes. An index used to determine interest rate changes for some adjustable-rate mortgages.

  4. Mortgage industry of the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_industry_of_the...

    Mortgage loan financing relies more on secondary mortgage markets and less on formal government guarantees backed by covered bonds and deposits. [8] [9] Prepayment penalties are discouraged by underwriting requirements of large organizations such as Fannie Mae and Freddie Mac. [8] Mortgages loans are often nonrecourse debt, unlike most of the ...

  5. Mortgage bank - Wikipedia

    en.wikipedia.org/wiki/Mortgage_bank

    A mortgage bank is a bank that specializes in originating and/or servicing mortgage loans. In the United States, a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital.

  6. Mortgage lender vs. servicer: What’s the difference? - AOL

    www.aol.com/finance/mortgage-lender-vs-servicer...

    The mortgage loan servicer picks up where the mortgage lender leaves off. Once the loan is transferred, the servicer takes over the ongoing administration of the loan. Mortgage servicing can ...

  7. Portfolio mortgages: What they are and how they work

    www.aol.com/finance/portfolio-mortgages...

    Like most mortgages that originate in the U.S., portfolio loans are conventional loans — that is, issued and funded by a private lender. However, they do vary from the most common types of ...

  8. Jumbo mortgage - Wikipedia

    en.wikipedia.org/wiki/Jumbo_mortgage

    In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits. [1] This standard is set by the two government-sponsored enterprises (GSE), Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender.

  9. Understanding Home Loans - Mortgages 101 - AOL

    www.aol.com/news/2010-11-15-mortgages-101.html

    Video Transcript for Hearing Impaired Getting a mortgage can be a complex process, especially for a first-time home buyer. When you're looking at your loan options, you'll want to find out the ...