Mortgage Company

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Dictionary Says

Definition of 'Mortgage Company'

A company engaged in the business of originating and/or funding mortgages for residential or commercial property. A mortgage company is often just the originator of a mortgage; they market themselves to potential borrowers and seek funding from one of several client financial institutions that provide the capital for the mortgage itself.
Investopedia Says

Investopedia explains 'Mortgage Company'

Many mortgage companies went bankrupt during the subprime mortgage crisis of 2007-2008. Because they weren’t funding most of the loans, they had few company assets, and when the housing markets dried up, their cash flows quickly evaporated.

Some mortgage companies do offer turnkey mortgage services, including the origination, funding and servicing of mortgages. The factors that differentiate one mortgage company from another include relationships with funding banks, products offered and internal underwriting standards.
Search results for

'Mortgage Company'

  • Is Your Insurance Company Going Belly Up?

    http://www.investopedia.com/articles/insurance/09/protect-yourself-bad-insurers.asp
    ... for homeowners insurance, check with your mortgage company to make sure your lender
    will accept your insurance company as your homeowners insurance carrier. ...

  • 5 Ways To Avoid Foreclosure - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/5-Ways-To-Avoid-Foreclosure.aspx
    ... However, the sale price must be enough to pay out the mortgage, otherwise you
    will have a deficiency and still owe the mortgage company. ...

  • Self Employed? 5 Steps To Scoring A Mortgage

    http://www.investopedia.com/articles/mortgages-real-estate/08/self-employed-mortgage.asp
    ... is used to request a copy of your tax return directly from the IRS, thus preventing
    you from submitting falsified returns to the mortgage company, and costs ...

  • If my mortgage lender goes bankrupt, do I still have to pay my ...

    http://www.investopedia.com/ask/answers/07/mortgage-lender-bankrupt.asp
    ... situation. In the event that your mortgage lender goes under, the company will
    normally sell all existing mortgages to other lenders. In ...

  • Can Bank Of America Dispose Of Countrywide? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/Can-Bank-Of-America-Dispose-Of-Countrywide.aspx
    ... of America, the mulligan moment came on July 1, 2008, when it announced that it
    had purchased Countrywide Financial, the beleaguered mortgage company at the ...

  • The Benefits Of Mortgage Repayment

    http://www.investopedia.com/articles/pf/05/payoffmortgage.asp
    ... own. If your career advances over the years, put those raises and bonuses
    to work by sending them to the mortgage company. You were ...

  • Requirements For A Post-Housing-Bust Mortgage - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/Requirements-For-A-Post-Housing-Bust-Mortgage.aspx
    ... The FHA does not make loans, does not buy mortgages and operates basically
    as a government-subsidized mortgage insurance company. ...

  • Homeowners, Beware These Scams!

    http://www.investopedia.com/articles/mortgages-real-estate/08/homeowners-scams.asp
    ... Bait and Switch, Bait and Remember, and Loan Steering Bait and switch, which is
    also common at retail stores, refers to when a mortgage company advertises a ...

  • How can I purchase stocks directly from a company?

    http://www.investopedia.com/ask/answers/06/directsharepurchase.asp
    ... How can I purchase stocks directly from a company? There are a few circumstances
    in which a person can buy stock directly from a company. ...

  • Asset-Backed Commercial Paper Carries High Risk

    http://www.investopedia.com/articles/bonds/08/commercial-paper.asp
    ... the proceeds from the ABCP issuance in multi- and single-seller conduits might be
    used to fund new mortgage loans in the case of a mortgage finance company. ...

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