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  2. Mortgage note - Wikipedia

    en.wikipedia.org/wiki/Mortgage_note

    A mortgage note for these investors are home loans or mortgages that are secured by real estate. Mortgage notes could be anything from $10,000 to tens of millions of dollars. Note buyers can buy notes on nearly any type of property, although owner-occupied single family houses tend to get the best pricing.

  3. Warehouse line of credit - Wikipedia

    en.wikipedia.org/wiki/Warehouse_line_of_credit

    In practice, this length of time is generally between 10-20 days. Warehouse facilities typically limit the amount of dwell time a loan can be on the warehouse line. For loans going over dwell, mortgage bankers are often forced to buy these notes off the line with their own cash in anticipation of a potential problem with the note.

  4. Mortgage note: What is it and how does it work? - AOL

    www.aol.com/finance/mortgage-note-does-211132255...

    A mortgage note is one of many closing documents a borrower signs when closing on a home loan. In simplest terms, it represents the mortgage for a given borrower. In technical terms, a mortgage ...

  5. Secondary mortgage market: What it is and how it works - AOL

    www.aol.com/finance/secondary-mortgage-market...

    The lender sells the loan to a mortgage aggregator — often Fannie Mae or Freddie Mac, who buy two-thirds of the mortgages in the U.S. The lender gets cash for selling the mortgage note, allowing ...

  6. Onity Group - Wikipedia

    en.wikipedia.org/wiki/Onity_Group

    Onity Group, formerly Ocwen, is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners".

  7. What is a mortgage? A definitive guide for aspiring homeowners

    www.aol.com/finance/mortgage-definitive-guide...

    A mortgage is a long-term loan used to buy a house. Mortgages are offered with a variety of loan terms — the length of time to repay the loan — usually between eight and 30 years.

  8. Rocket Mortgage - Wikipedia

    en.wikipedia.org/wiki/Rocket_Mortgage

    In January 2018, Rocket Mortgage became the largest overall retail lender in the U.S., and it was also the largest online retail mortgage lender. [7] Rocket Mortgage relies on wholesale funding to make its loans and uses online applications rather than a branch system. [8] Amrock is also part of the Rocket Mortgage Family of Companies. [9]

  9. PHH Corporation - Wikipedia

    en.wikipedia.org/wiki/PHH_Corporation

    On February 1, 2005, as a result of a Cendant spin-off, PHH began operating as an independent, publicly traded company under the stock symbol NYSE: PHH. On July 1, 2014, all issued and outstanding equity interests in their Fleet Management Services business and related fleet entities were sold to Element Financial Corporation , for a purchase ...

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