Refinance Mortgage Broker
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Mortgage broker - A mortgage broker acts as an intermediary who sources mortgages on behalf of individuals or businesses.
Assumption of mortgage - Assumption of mortgage is the purchase of mortgaged property whereby the buyer accepts liability for the debt that continues to exist. The seller remains liable to the mortgage lender (whether the lender is a commercial bank, thrift, credit union, mortgage banker or mortgage broker) unless the lender agrees to release him.
National Association of Mortgage Brokers - The National Association of Mortgage Brokers, or NAMB is self-described as the "only national trade association representing the mortgage broker industry in the United States." It has a membership of 27.
Home Mortgage Disclosure Act - The Home Mortgage Disclosure Act (or HMDA) was passed in 1975. It requires financial institutions to maintain and annually disclose data about home purchases, home purchase pre-approvals, home improvement, and refinance applications involving 1 to 4 unit and multifamily dwellings.
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