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Foreclosures skyrocketed after the collapse of the 2000s housing bubble, when brokers and lenders responded to Wall Street’s appetite for mortgage-backed securities by approving loans to people.
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He began his career at AXA and then worked with an international bank and leading mortgage broker before setting up Bristol-based Blackstone Financial Solutions in 2014. In September 2015, he was.
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Local Mortgage Broker Pros – A mortgage broker is paid a percentage of the loan amount directly by the lender they place your loan with and not by you. In the event the mortgage broker is being paid by the client, known as "borrower paid", you can be certain you will get an even lower rate than the already affordable mortgage rates they quote when being paid by the lender..
"Most are based on a borrower who never had the ability to pay the loan," he said. "They went to a mortgage broker, and the borrowers didn’t see anything until the day of the closing, when the details.
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