finance fee

finance fee

A charge by a mortgage broker to cover costs and expenses associated with placing a loan.With VA and FHA loans,the fee is limited to 1 percent of the amount financed.Other loans vary between one-half of 1 percent and 3 percent depending on the competition to obtain loans,credit risk,and other such business factors.The fee is generally negotiable.See origination fees.

References in periodicals archive ?
First Republic was paid a corporate finance fee representing 4% of the gross proceeds raised in the Financing and that number of Compensation Warrants equaling 4% of the number of shares sold in the Financing.
The Agent received a cash commission equal to 10% of the gross proceeds of the IPO and a corporate finance fee of $40,000, of which $30,000 was paid in cash and $10,000 in Shares.
falsely claimed they would charge borrowers the loan amount plus a one-time finance fee. Instead, the defendants made multiple withdrawals from consumers bank accounts and assessed a new finance fee with each withdrawal.
Due to the finance fee, the amount went over the limit and the bank charged me on the next month's statement.
The cost is a finance fee plus 7 percent of the expected litigation costs, and the attorney must sign up for the insurance with the estimated expense within 90 days of service of process.
In a scenario quite the contrary to the typical pattern at SABB, the Bank's trade finance fee and commission income fell, as did the entire headline item, slowing the growth in operating profit.
Mr Hill organised finance for the purchase and Chartpoint received a finance fee for the scheme of pounds 106,250.
The firm is to pay IBK Capital a corporate finance fee equal to six percent of the gross proceeds from the exercise of any or all of the Warrants exercised prior to October 30, 2010 pursuant to the deal.
and their selling group members (the 'Agents'), as well as a corporate finance fee of $35,000, plus applicable taxes.
and their selling group members (the "Agents"), as well as a corporate finance fee of $35,000, plus applicable taxes.
In connection with the Offering, the Agents received a cash commission, a corporate finance fee equal to 1,448,651 Special Warrants, and 2,317,842 compensation warrants (the "Compensation Warrants").