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2 Comments on"Wholesale Mortgage Lender"
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Michael says:
What are the average service fees charged by a lender to service a mortgage. For example, if Washington Mutual sells my loan, buys my laon or holds my loan, what percent is charged by the servicer, in this case WM, the firm that collects the payment, collects the taxes and insurance? I have heard numbers from 50 basis points to 125 basis points.
Please advise.
Posted on 03/25/2008 at 12:29 PM