Mortgage broker – Wikipedia – 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.
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No doc loan – Wikipedia – A No-Doc or Low-doc loan (abbr: No/Low Documentation Loan) refers to loans that do not require borrowers to provide documentation of their income to lenders or do not require much documentation. It is a financial product commonly offered by a mortgage lender to consumers who cannot qualify for.
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Whistleblower claims widespread loan fraud – Last month we exposed evidence of banks using deceptive practices with so-called low doc loans. Now the bank known as "The. together worth more than $2 million – and a financial.
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