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Correspondent Lending Races Down A Bumpy Road – says Badciong, chief operating officer of Inlanta Mortgage, based in Waukesha. Anderson, director of correspondent lending at AgFirst Farm Credit Bank in Columbia, S.C. We find that we have to.
First Mortgage. By Investopedia Staff. A first mortgage is the primary lien on the property that secures the mortgage. A first mortgage is the primary loan that pays for the property and it has priority over all other liens or claims on a property in the event of default.
REQUIRED READING: Correspondent Lending Remains Resilient – In the domino-chain world of mortgage banking, the fall of the warehouse lending. But unlike the warehouse sector, correspondent lending is enjoying a level of sustained activity. AgFirst Farm.
First Mortgage | Definition of First Mortgage by Merriam-Webster – First mortgage definition is – a mortgage that has priority as a lien over all mortgages and liens except those imposed by law. a mortgage that has priority as a lien over all mortgages and liens except those imposed by law. See the full definition.
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