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Wholesale mortgage banking

• The purchasing of loans originated by others, with the servicing rights released to the buyer.

 
 

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

Let the refining and improving of your own life keep you so busy that you have little time to criticize others. - H. Jackson Brown, Jr.

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