Mortgage Bank

(redirected from Mortgage Banks)

Mortgage Bank

A bank that primarily or exclusively offers loans to clients to purchase real estate, especially of private residences. The bank loans its own capital to clients and either collects payments (with interest) or sells its loans on the secondary market. Other revenue comes from origination fees and similar fees attached to making loans.

Mortgage Bank

Same as Mortgage Company.
See Mortgage Lender/Mortgage Banks Versus Portfolio Lenders.

Full browser ?