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Fixing the Mortgage System So It Works For Borrowers
September 5, 2005 In some respects, the United States housing finance system is the best in the world. In other respects, it is unworthy of a banana republic. Our housing finance system has a primary market and a secondary market. The primary market is the market the borrower ... more... A Mortgage Servicing System For Borrowers? Feb. 3, 2003 The great majority of loans today are serviced by firms that don?t own them. The servicer is paid by, and is beholden to the owner of the mortgage. Borrowers have no say in who services their loan, and if they get poor service, about all they can do is write a ... more... |
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Title Insurance
Title Insurance A policy, issued by a title insurance company, which insures a home buyer against errors in the title search. The cost of the policy is usually a function of the value of the property, and is often borne by the purchaser and/or seller. Policies are also available ... more... Closing Costs Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time transactional costs ... more... |
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