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 Texas Mortgage Brokerage 2/E by John P. Wiedemer, Wiedemer has updated this new edition based on the latest Texas Mortgage Broker Licensing Act and its licensure law requirements. The book provides an overview of the mortgage industry and its market segments. Federal underwriting programs are discussed in detail along with thorough coverage of borrower and property analysis. Commercial loans and other financing practices are also included.
Federal Agricultural Mortgage Corporation - Farmer Mac or the Federal Agricultural Mortgage Corporation is a stockholder-owned, publicly-traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in agricultural loans such as mortgages for agricultural real estate and rural housing. The company purchases loans from agricultural lenders, and sells instruments backed by those loans. Primary Residential Mortgage Incorporated - Primary Residential Mortgage Incorporatedis an independent originator "direct lender" of residential mortgage loans. We underwrite, fund and sell our mortgage products to the top correspondent mortgage investors in the United States. Mortgage bank - A Mortgage bank specializes in originating and/or servicing mortgage loans. Negative equity - ... housing market, usually following a general fall in property prices, to mean that the market value of a mortgaged house or flat is less than the amount outstanding on the loan used to purchase it. This situation also occurs with 2nd mortgage home equity loans and some loans structured to loan more than the appraised value, such as 125% loans.
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