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Mortgage Lenders, Mortgage Brokers & Loan Officers
December 22, 2000 "What is the difference between a lender and a mortgage broker?" "What is the difference between a retail lender and a wholesale lender?" "What is a 'direct' lender ... more... Lies Mortgage Shoppers Hear December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase. Is there a danger that people won?t tell me the truth? Any lies I should look out for in particular ... more... |
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bridge loan and washington mutual related definitions |
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Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... Equal Credit Oportunity Act Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... |
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