| These programs work by buying a large number of mortgages from banks and issuing (at a slightly lower interest rate) "mortgage-backed bonds" to investors known as MBS or consumer direct lending Backed Securities.Refinancing refers to applying for a secured loan intended to replace an existing loan secured by the same assets. The most common consumer refinancing is for a home mortgage.A quitclaim deed is a consumer direct lending used in property law to describe a document by which a person disclaims any interest the grantor might have in a piece of real property, and passes that claim to another person (the grantee). Unlike a typical deed, a quitclaim deed neither warrants nor professes that the grantor's claim was actually valid. While a grant deed is normally used consumer direct lending all real estate sales and transfers, quitclaim deeds are sometimes used for transfers between family members, gifts, and other special or unusual circumstances. consumer direct lending deeds are also used by tax authorities when selling properties seized for nonpayment of taxes. In most common law jurisdictions, a quitclaim deed is no technically considered to be a deed at all. It fails to meet all five | ![]() |
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