federal home loan bank of des moines
Patrick McMurry, and economics professor at Missouri Western State federal home loan bank of des moines "It`s kind of like cha-ching, look at all the things we can do, but now that`s an asset they`ve paid for." In the USA, the process by which a mortgage is secured by a borrower is called origination. This federal home loan bank of des moines the borrower submitting an application and documentation related to his/her financial history to the underwriter. Many banks now offer "no-doc" or "low-doc" loans in which the borrower is required to submit only minimal financial information. These loans carry federal home loan bank of des moines slightly higher interest rate (perhaps 0.25% to 0.50% higher) and are available only to borrowers with excellent credit. Sometimes, a third party is involved, such as a mortgage broker. This entity takes the borrower's information and reviews a number of lenders, selecting the ones that will best meet the needs of the consumer. Loans are often sold on the federal home loan bank of des moines market to larger investors by the originating mortgage company. Many of the guidelines that they follow
federal home loan bank of des moines
- domain.com