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Bell Bank is a privately owned bank headquartered in Fargo, North Dakota, [1] with assets of $13 billion. [2] Bell Bank, which employs more than 1,900 people, [3] has 27 full-service banking locations in North Dakota, Minnesota and Arizona, [4] and mortgage locations in Arizona, Colorado, Florida, Kansas, Illinois, Minnesota, Missouri, New Mexico, North Dakota, Tennessee and Wisconsin. [5]
With a prime mortgage (a conventional loan), the down payment requirements can be relatively small, too — as low as 3 percent or 5 percent of the home’s price.
[93] [94] [95] Another indicator of a "classic" boom-bust credit cycle was a narrowing of the difference between subprime and prime mortgage interest rates (the "subprime markup") between 2001 and 2007. [96] In addition to considering higher-risk borrowers, lenders had offered progressively riskier loan options and borrowing incentives.
source: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, p.229, figure 11.4 Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations ...
Freddie Mac reports an average 7.22% for a 30-year fixed-rate mortgage, up 5 basis points from last week's average 7.17%, according to its weekly Prime Mortgage Market Survey of nationwide lenders ...
Freddie Mac reports an average 6.54% for a 30-year fixed-rate mortgage, up 10 basis points from last week's average 6.44%, according to its weekly Prime Mortgage Market Survey of nationwide ...
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