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  2. Loan servicing - Wikipedia

    en.wikipedia.org/wiki/Loan_servicing

    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 ...

  3. Mortgage servicer - Wikipedia

    en.wikipedia.org/wiki/Mortgage_servicer

    A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original mortgage lender. [ 1 ]

  4. What is a short sale? - AOL

    www.aol.com/finance/short-sale-234542168.html

    A short sale is when a mortgage lender agrees to allow a homeowner to sell their home for less than what they owe on the mortgage. ... Be prepared for more hoops than a standard real estate sale ...

  5. Can I get a mortgage after a short sale of my home? - AOL

    www.aol.com/finance/mortgage-short-sale-home...

    Selling your home through a short sale can help you avoid foreclosure, but it might make it difficult to get another mortgage. Short sales can damage your credit, and they can stay on your credit ...

  6. Primary servicer - Wikipedia

    en.wikipedia.org/wiki/Primary_servicer

    The primary servicer of a loan can be the loan originator, the mortgage banker or a third party and maintains direct contact with the borrower. If the loan falls into default or needs special attention, a special servicer would undertake this role.

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

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

    Mortgage lenders fund a home loan, while mortgage servicers handle the ongoing administration of the loan after funding, including repayment and loss mitigation, or payment relief.

  8. American Homeowner Preservation - Wikipedia

    en.wikipedia.org/wiki/American_Homeowner...

    American Homeowner Preservation (also known as AHP) is an online real estate crowdfunding platform which purchases pools of nonperforming loans from banks and other lenders and then offers borrowers who want to stay in their homes debt restructuring options with reduced payments and discounted principal balances. If homes are vacant or families ...

  9. Mortgage Servicing Rights (MSR) - AOL

    www.aol.com/finance/mortgage-servicing-rights...

    Mortgage servicing rights (MSR) allow a third party to perform the day-to-day mortgage servicing duties in exchange for a flat fee, paid by the loan originator. This can and often does happen ...