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Mortgage bank

Index Mortgage bank

Mortgage bank is a bank that specializes in originating and/or servicing mortgage loans. [1]

20 relations: Bank, Capital (economics), Collateralized mortgage obligation, Commercial bank, Consumer, Fannie Mae, Freddie Mac, Government National Mortgage Association, Loan sale, Loan servicing, Mortgage broker, Mortgage loan, Origination fee, Primary market, Savings and loan crisis, Savings bank, Secondary market, Service release premium, Warehouse line of credit, Yield spread premium.

Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

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Collateralized mortgage obligation

A collateralized mortgage obligation (CMO) is a type of complex debt security that repackages and directs the payments of principal and interest from a collateral pool to different types and maturities of securities, thereby meeting investor needs.

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Commercial bank

A commercial bank is an institution that provides services such as accepting deposits, providing business loans, and offering basic investment products.

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Consumer

A consumer is a person or organization that use economic services or commodities.

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Fannie Mae

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.

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Freddie Mac

The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.

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Government National Mortgage Association

The Government National Mortgage Association (GNMA), or Ginnie Mae, was established in the United States in 1968 to promote home ownership.

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Loan sale

A loan sale is a sale, often by a bank, under contract of all or part of the cash stream from a specific loan, thereby removing the loan from the bank's balance sheet.

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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.

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Mortgage broker

A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses.

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Mortgage loan

A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

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Origination fee

An origination fee,, is a payment associated with the establishment of an account with a bank, broker or other company providing services handling the processing associated with taking out a loan.

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Primary market

The primary market is the part of the capital market that deals with issuing of new securities.

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Savings and loan crisis

The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions from 1989 to 1995.

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Savings bank

A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits.

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Secondary market

The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.

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Service release premium

A service release price (SRP) is the payment received by a lending institution, such as a bank or retail mortgage lender, on the sale of a closed mortgage loan to the secondary mortgage market.

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Warehouse line of credit

A warehouse line of credit is a credit line used by mortgage bankers.

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Yield spread premium

A yield spread premium (YSP) is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid in origination fees, broker fees or discount points.

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Redirects here:

Mortgage Banker, Mortgage Banking.

References

[1] https://en.wikipedia.org/wiki/Mortgage_bank

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