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Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...
Northeast Bank is a Maine-based full-service financial institution. Their National Lending group ("National Lending") purchases and originates commercial loans on a nationwide basis while the Community Banking group ("Community Banking") offers personal and business banking services within Maine via nine branches.
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He encouraged the creation of a more dynamic board of directors and established a wide array of bank services, following the model of the commercial banks. He expanded Portland Savings’ portfolio of commercial loans and introduced innovative retail products such as money market certificates. Between 1965 and 1981 the bank grew from 2 to 13 ...
You can find out who is servicing your loan by checking your mortgage statement. Most borrowers use the term “mortgage lender” to cover all parties involved in their home loan. Oftentimes ...
The First National Bank is a historic commercial building in Lewiston, Maine. Built about 1903 for the city's first chartered bank, it is a fine local example of French-inspired Classical Revival architecture. The building was listed on the National Register of Historic Places in 1986. [1]
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The Savings Bank Block is an historic commercial building at 215 Lisbon Street in downtown Lewiston, Maine. Built in 1870, it is a fine local example of commercial Second Empire architecture, and is representative of the city's early development as an industrial center. It was added to the National Register of Historic Places in 1978. [1]