Posts Tagged ‘Banks’
Do mortgage brokers receive a higher commission for delivering adjustable rate mortgages to the banks?
I'm a CPA but am not entirely sure how the mortgage brokering process works. I've received some sketchy information in the past indicating to me that the higher the rate is, the more of a commission the bank pays to the broker for bringing them the loan. I believe the exact terms are when the rate is above the bank "par rate". Now I've heard [...]
How much do banks make when they sell loans on the secondary market?
Banks take their loans and bundle them together and sell them on the secondary market. What is the average fee they make on a typical transaction? What is key to understanding how this works? Related Blogs Related Blogs on Banks State-owned banks fare slightly better than private counterparts ... Related Blogs on insurance loans [...]
How did people have homes before banks invented mortgages for the sake of profit?
With a mortgage you don't even own the house until 30 years later after you make all the principal and interest payments which means you end up paying double the original purchase price. There must be a better way than being a prisoner of the bank?
Is It Possible For Banks To Raise Cash By Giving Discounts To People Who Pay Their Mortgages Off Early?
It seems like the banks should be required to give up some assets before getting bailed out by the government and part of the deal should include some benefit to homeowners who have tried to get ahead by paying extra so they can pay off their mortgages. Related Blogs Related Blogs on Discounts Motorcycle Riding and Motorbike Insurance [...]
How do lenders come up with the interest rates for mortgages?
callifornia asked: I want to know how banks set the interest rates for mortgages. All I know is that they move up and down with the fed funds rate and discount rate (Correct me if I am wrong). Does anyone know all factors that play into the rates that lenders come with? Is there a way to calculate or give more or less weight to any one of [...]
