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A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. balloon payment mortgages are more common in commercial real estate.
Mortgage broker licensing could extend to local banks (BizJournals) Federal legislation that would require the licensing of mortgage brokers appears to have the backing of local brokers and mortgage bankers, but the two groups differ significantly on how the legislation should be written. first franklin mortgage company
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TROY, Mich., Feb. 21, 2014 (SEND2PRESS NEWSWIRE) — United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, announced that it developed and launched a proprietary mobile.