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Bank of America announces $0 origination fees for low-income borrowers – RealtyBizNews: Real Estate News

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Inman Real Estate News – Crackdown On mort Gage-elimination. Origination News. 2011 Register of Deeds takes on Bank of America over mortgage fees By Bill Kirk staff writer – There are almost 150,000 mortgages on record at the Southern Essex County Registry of Deeds with cloudy.

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Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces the appointment of Carmen M. Bowser to the Board of Directors of the Company and of Peapack-Gladstone Bank, effective September 28, 2017. Ms. Bowser most recently served as Managing Vice President, Commercial Real Estate Division, at Capital One Bank, N.A.,

The bank is now offering mortgages with $0 origination fees in a bid to win the business of borrowers who don’t have a ton of money squirreled away in savings to cover the myriad costs.

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Bank of America announces $0 origination fees for low-income borrowers – RealtyBizNews: Real Estate News RealtyBizNews As lenders struggle with the impact of reduced home. read the rest of this entry

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The announcement is the latest by a big U.S. bank aimed at helping underserved communities. For Bank of America, the mortgage program is a reminder of its recent past.. Passive investing boom could be causing a market bubble. make $5 billion in mortgages to low- and moderate-income borrowers.

Typically, origination fees can cost from anywhere between 0.5% and 1% of the total loan amount. That might not sound like too much, but on a loan worth $250,000 it can amount to around $1,250 to.

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