How do you type minutes record page?
I am a secretary of a new condo association and I am not sure what is the proper format for CD the minutes at a meetingAnswers: here really isnt a standard format unless it is specified in the bylaws of the association.
How a Mortgage given by a coy ends up contained by Mortgage write down Fin Inst and How Freddie Mac is involved?
IF the path from Mortgage to Asset Based Security is expalined ... will be greatAnswers: mortgages are bundled togheter and offered as a bond. The bond is structure so that the wage stream generated by the underlying bonds (principal and interest) go to the investors who bought the bond. The bond is then sliced into tranches. respectively tranche has a different risk factor. Triple AAA acquire pay first, and second-hand goods tranches get compensated last. Triple AAA received smaller amount yield from the interest expense has they enjoy less risk.
Basically a mortgage is offered to you by a ridge, the bank turns around and bundle your mortgage (meaning your promise to salary interest and principal) with other mortgages and trade it to an investor. The bank draw from cash for it from the investors (the bondholder) and your payments are redirect to the bondholder. The bondholder become your creditor and the bank that originatedthe bond have nothing to do beside it.
For conventional loan, the bakn sell your mrtgage to Freddie, which within turn bundle it and sell it to a bondholder.
Is it possible for an non US citizen to get a mortgage?
Answers: Apparently so. Several months ago there were news reports that Wells Fargo and Bank of America were both actively seeking this business. Regarding citizenship they were taking a "don't ask, don't tell" position. Despite the recent problems in the mortgage industry, BofA is still active. I suggest giving them a call
VERY DIFFICULT TO DO, you must have the proper paper work showing a green card, social security card, and the right to work documentation for a period of a minumum of 5 years before any lender will work with you. I have tried over the years and the conventional lenders are sticklers on this, be sure you have all your ducks in a row, and the best thing is to have a work contract with your employeer that can not be broken if you hope to get a mortgage. gl