Government-guaranteed securitization rules complicate servicing sales and are a growing problem for nonbanks, the Community Home Lenders of America says.
After climbing for four days, 30-year refi rates finally moved the other way—though the dip was minor. Rates moved lower for other refi loan types as well.
For example, a real estate promissory note outlines the details of a mortgage loan, while a Master Promissory Note is used for federal student ... a simple promissory note promises to repay a debt and ...