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  2. What is conditional approval in a mortgage application? - AOL

    www.aol.com/finance/conditional-approval...

    And that means moving from conditional approval to unconditional or full approval. To get there, you need to meet all of the conditions the lender has laid out. In many cases, it simply means ...

  3. Loan origination - Wikipedia

    en.wikipedia.org/wiki/Loan_origination

    The appraiser may take pictures of the house from many angles and will take notes on how the property looks. He/she will type up an appraisal and submit it to the lender or broker (depending on who ordered the appraisal.) The Appraisal is written in the format compliant to FNMA Form 1004. The 1004 is the standard appraisal form used by ...

  4. Memorandum of understanding - Wikipedia

    en.wikipedia.org/wiki/Memorandum_of_understanding

    In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).

  5. Assignment (law) - Wikipedia

    en.wikipedia.org/wiki/Assignment_(law)

    An assignment does not necessarily have to be made in writing; however, the assignment agreement must show an intent to transfer rights. The effect of a valid assignment is to extinguish privity (in other words, contractual relationship, including right to sue) between the assignor and the third-party obligor and create privity between the obligor and the assignee. [1]

  6. Explainer-Who are the immigrants who could be targeted in ...

    www.aol.com/news/explainer-immigrants-could...

    President-elect Donald Trump plans to launch a mass deportation operation targeting millions of immigrants living in the U.S. illegally and with temporary protections once he takes office on Jan ...

  7. Here are 12 well-known companies that went bankrupt in 2024 - AOL

    www.aol.com/12-well-known-companies-went...

    Stoli. Stoli Group USA, the owner of the namesake vodka, filed for bankruptcy in December. A number of things went wrong for the unit, including a slowing demand for spirits, a major cyberattack ...

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