BNET Business Dictionary
Business Definition for: Purchase Money Mortgage
- a mortgage whose proceeds the borrower uses to buy the property that is collateral for the loan
Additional Resources
- LifeOne Unit Arranges $150 Million Mortgage Commitment - - Fees to Exceed $2 Million
- SAN JUAN CAPISTRANO, Calif.--BUSINESS WIRE--May 18, 1999-- LifeOne, Inc. (OTCBB:LONE), (the "Company"), announced today that its subsidiary, Southern Mortgage, Inc., SMI has arranged a financial package for the purchase of a hotel and casino in the United States. SMI's fees in this transaction will be $2.2 million. For LifeOne...
- Research articles 1999-05-20
- Thornburg Mortgage Inc. Q3 2007 Earnings Call Transcript
- Question-and-Answer Session Operator Thank you. [Operator Instructions]. Our first question is with Richard V. Shane with Jefferies and Company. Please go ahead sir. Richard V. Shane - Jefferies & Co. Larry, thanks for taking my question. I’m going to ask you to try to...
- Earnings calls 2007-10-18
- Reverse Mortgage Brokers Are No Angels
- A few days ago, I put up a spoofy post called "Five Jobs for Lousy Times and No Talent Necessary." One of my top picks was reverse mortgage broker. My reasoning:Â As the population ages and taps out any retirement savings left after the financial crisis, reverse mortgages, which are available...
- Blog posts 2009-10-29
- Provident Financial Holdings Inc. F4Q08 (Qtr End 6/30/08) Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions. We'll go to Tim Coffey with FIG Partners. Please go ahead. Tim Coffey - FIG Partners Good morning, guys. How are you? Craig Blunden Good morning. Donavon Ternes Good morning, Tim. Tim Coffey - FIG Partners The first question I have is the pricing on...
- Earnings calls 2008-07-29
- Financial Roundup: Mortgage Refinancing Wave, Brits Buy RBS Stake, Fed Approves Merrill Lynch Sale
- Home buyers chase after low rates -- Prospective home buyers and refinancers are scarfing up mortgage loans after the Federal Reserve bought a large chunk of mortgage-backed securities this Tuesday. Drops in interest rates to the mid 5 percent range have touched off a national wave of trading. [Source: The...
- Blog posts 2008-11-28
- Is The Great Depression the U.S. Treasury's 'Playbook' for the Current Crisis?
- Within the past couple of months, there has been a lot of discussion regarding US Treasury Secretary Hank Paulson’s allocation of half of the initial tranche of $700 bailout money, with many describing his spending of $350 billion thus far as appalling, disappointing, and even shocking. During a US Congressional...
- External links 2008-12-15
- Lending Money to Hot Shot Professors
- Parents have grown numb to all the excuses that colleges dish out about why a bachelor's degree costs so much. But here's an excuse from universities that I bet you've never heard: "We have to increase your tuition because we're in the mortgage business." ...
- Blog posts 2009-09-10
- The U.S. Government as Commercial Mortgage Lender
- There is not much liquidity for commercial mortgages in the retail, office or hospitality sectors of the commercial real estate industry, but there’s plenty of capital available for multi-family apartment buildings. The good news is that the government is lending massive amounts of money against apartment properties; the bad news...
- External links 2009-10-23
- American Home Mortgage Plunges 87 Pct
- American Home Mortgage Plunges 87 PctAn investor who reads annual reports: The builders are the biggest lendersFor those who really do not have the time to read building company annual reports, here is a bullet list of tidbits that all will find interesting, particularly in light of today's mortgage environment:1. Joint...
- Discussion threads 2007-08-07
- Higher Mortgage Rates Could Snuff a Nascent Housing Recovery
- Housing finally had some good news this week. According to the National Association of Realtors, pending home sales rose 6.7 percent compared to March, the third consecutive increase and the largest jump since October 2001. The indicator was also 3.2 percent higher than in April 2008. Pending...
- Blog posts 2009-06-04
- Mortgage Fraud v.2009
- Mortgage fraud is on the rise, especially in states where foreclosures have soared and the general economy is in the toilet. Is it any surprise that those who lived large scamming homeowners during the boom would want to continue that standard of living...
- Blog posts 2009-07-22
- Mortgage Approvals Hit 18-mth High
- LONDON (Reuters UK) - Mortgage approvals for house purchase rose faster than expected in September to their highest level since March 2008, but borrowing on credit cards fell to its lowest since last December, official data showed on Thursday.The Bank of England said mortgage approvals numbered 56,215 in September, up...
- News items 2009-10-29
- Need to know: Greggs sales rise ... Adecco purchase ... LXB flotation ...
- View video and Need to Know interactive heatmap Economics Public finances: Official figures showed that public borrowing ballooned by a further £14.8 billion in September, taking net borrowing to £77.3 billion since April, the highest half-yearly figure since records at the Office for National Statistics began in 1946. The Treasury...
- News items 2009-10-22
- 2000 WASN'T SO BAD
- Last year wasn't as bad for the mortgage industry as many believe, but 2001 could be a barn burner if lower interest rates ignite a refi boom. As years go, 2000 was the fourth best ever for residential lenders. In total, about $1.05 trillion in purchase money and refinanced...
- Research articles 2001-04-02
- E*Trade's Mortgage Snafu: Will It Prompt a Sale?
- Tech Confidential submits: E*Trade Financial Corp.'s (NASDAQ:ETFC) $1.8 billion purchase of Internet bank Telebanc Financial Corp. in 2000 raised some eyebrows for the price it paid for the little known target that it would later use to begin its foray into the mortgage business. Nine years and billions...
- External links 2009-04-29
- Retail resurrected
- EVERYONE IS HIRING LOAN OFFICERS IN 2002. OUR COVER STORY THIS MONTH interviewed seven of the top 12 originators for 2001, and they are all scouting for more loan officers. A sampling of the numbers we were quoted suggests there's serious job security for solid mortgage producers in today's purchase-money...
- Research articles 2002-05-01
- Brian Kiczula
- [ILLUSTRATION OMITTED] Brian Kiczula has joined Wells Fargo Home Mortgage as a home mortgage consultant. Kiczula will focus on purchase money loans, including FHA, VA and Wells Fargo renovations loans.
- Research articles 2008-05-26
- The Money Store Enters United Kingdom; Acquires Platform Home Loans, Ltd
- UNION, N.J.--BUSINESS WIRE--May 14, 1997--The Money Store Inc. (NASDAQ:MONE) announced today the completed acquisition of Platform Home Loans Ltd. ("Platform") a U.K.-based servicer of mortgage loans. The seller of Platform was Lehman Brothers Holdings PLC ("Lehman"). The acquisition is a cash transaction and will be accounted...
- Research articles 1997-05-14
- Six Ways to Fix the Fed
- Benign Brodwicz submits: The Benign Brodwicz program, as of July 19, 2009 short of dismantling the Fed and starting over again: No more too big to fail. The Economist published a survey of banking a few years ago that cited research showing that size over about...
- External links 2009-07-21
- As Mortgage Rates Edge Higher, Some Fear Other Loan Rates Can't Be Far Behind.
- By Richard Burnett, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News Aug. 8--Ed and Sue Hindle made a pre-emptive strike on higher interest rates last week. The couple went out and bought a pickup truck. "I had my suspicions that...
- Research articles 2003-08-08
