Student Loan Consolidation Second Mortgage Checking Mortgage Rates Online Mortgages for people with bad credit Bad Credit Home Loan Score Home Loans with Bad Credit Mortgage Loan Loans to Pay Off Debt With Bad Credit Reverse mortgage rates and loans The mortgage rate basicsPublished:Tue, 09 Mar 2010 22:14:34 GMT
One frequent question I’m often asked is whether or not paying half of a mortgage payment twice a month versus paying a full mortgage payment once a month is actually worthwhile......
Published:Tue, 09 Mar 2010 21:47:42 GMT
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the sc......
Published:Tue, 09 Mar 2010 18:22:40 GMT
March 9 (Bloomberg) -- TCW Group Inc., the money manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of governm......
Published:Tue, 09 Mar 2010 17:47:53 GMT
March 9 (Bloomberg) -- TCW Group Inc., the fund manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of governme......
Published:Tue, 09 Mar 2010 16:48:26 GMT
TCW Group Inc., the money manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage sec......
The mortgage lender that funds your loan is called the originator. A loan originator may be a bank, credit union, or other type of financial institution. On the date of funding, the money flows out of the originator's hands and into yours. You then turn that money over to the seller of the home.
Once the loan is funded, the originator has the option of keeping that loan in its portfolio or selling it on the secondary market. If the originator keeps the loan, it makes money by way of the interest you pay each month. If the loan is sold, the originator replenishes its funds and can make more loans to other homebuyers. Basically, the secondary market investors keep funds circulating so that loan originators don't run out of money for new mortgages.
