Mortgage Company


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Mortgage Company

A mortgage lender that sells all the loans it originates in the secondary market.

See Mortgage Lender/Mortgage Banks Versus Portfolio Lenders.

References in periodicals archive ?
Ryland Mortgage Company will continue to service selected mortgage loans in its portfolio and will service its own originated mortgage loans on an interim basis until the servicing is sold to third parties.
Depository institutions and their mortgage company affiliates extend proportionally more conventional home purchase loans to low-income borrowers than do independent mortgage companies (table 13).
Freedlander, once the nation's fourth largest mortgage company, expanded into 33 states and made 37,000 loans totaling $675 million.
Bringing Mark on board is one of the steps we've taken to start growing Seattle Mortgage Company again," says Mark Nelson, President of the mortgage company, "Our dynamic team - some of the best mortgage talent in the industry - is excited to build on our legacy here in Seattle to make this company an even more integral part of the Puget Sound community.
Bad economic news is good news for bonds and therefore good news for mortgage rates," noted Manhattan Mortgage Company Chairman and CEO Melissa Cohn, who reports that rates have fallen by more than a half-point in the past three months.
Including the servicing acquired in this transaction, Mellon Mortgage Company now ranks as the 18th largest servicer of residential mortgages in the country, with a servicing portfolio of approximately $27.
Landmark Mortgage Company, with offices in Carmel and southern Marion County, near Greenwood, will continue serving central Indiana as well as other markets.
Economic data in May offered evidence that the economy was slowing, despite five rate increases by the Fed," said Manhattan Mortgage Company Chairman and CEO Melissa Cohn.
A home is both a shelter and an investment, and the feature of adding stability to the return on your investment is important to the consumer," adds Tom Wolfe, senior vice president, Society Mortgage Company.
The strong performance of both the economy and stock market has sent the bond market skidding and mortgage rates spiraling," asserted Melissa Cohn, chairman and CEO of The Manhattan Mortgage Company, who believes that "this trend will continue as long as the economy keeps expanding.
This agreement represents another important step in establishing Mellon as a major national mortgage banker," said Peter Rzasnicki, chief executive officer of Mellon Mortgage Company.
Argent Mortgage Company LLC is a subsidiary of Ameriquest Mortgage Company.

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