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secondary lender

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  • secondary — In English practice, an officer of the courts of king s bench and common pleas; so called because he was second or next to the chief officer. In the king s bench he was called Master of the King s Bench Office, and was a deputy of the… …   Black's law dictionary

  • Secondary market — The secondary market is the financial market for trading of securities that have already been issued in an initial private or public offering. [http://www.intracen.org/tfs/docs/glossary/se.htm#Secondary market] Alternatively, secondary market can …   Wikipedia

  • Secondary mortgage market — The secondary mortgage market is the market for the sale of securities or bonds collateralized by the value of mortgage loans. The mortgage lender, commercial banks, or specialized firm will group together many loans and sell grouped loans as… …   Wikipedia

  • Temporary Lender — A mortgage lender that sells the loans it originates into the secondary market shortly after closing, as opposed to holding the loans in portfolio. Most lenders are temporary lenders. These lenders have a few options when selling loans. Security… …   Investment dictionary

  • Portfolio Lender — A company that not only originates mortgage loans, but also holds a portfolio of their loans instead of selling them off in the secondary market. A portfolio lender makes money off the fees for originating the mortgages and also seeks to make… …   Investment dictionary

  • Asset-based loan — An asset based loan is a loan, often for a short term, secured by a company s assets. Real estate, A/R, inventory, and equipment are typical assets used to back the loan. The loan may be backed by a single category of assets or some combination… …   Wikipedia

  • New Jersey Department of Banking and Insurance — The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The Department’s mission is to regulate the banking, insurance and real estate industries in a professional and timely manner… …   Wikipedia

  • Mortgage broker — A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more… …   Wikipedia

  • Bank of America Home Loans — Type Subsidiary of Bank of America Founded 1969 (Countrywide), February 2009 (Bank of America Home Loans) Headquarters Calabasas, CA, USA (Countrywide Financial) Cha …   Wikipedia

  • Countrywide Financial — Infobox Company company name = Countrywide Financial Corp. company type = Subsidiary of Bank of America foundation = 1969 location = Calabasas, CA, USA revenue = profit$6,061,437,000 USD (2007) operating income = loss$1,310,274,000 USD (2007) net …   Wikipedia

  • OneWest Bank — OneWest Bank, FSB Type Private Industry Banking Founded March 19, 2009 Headquarters Pasadena, California, US Key people Joseph Otting, CEO and President …   Wikipedia

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