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information to the reader and are not intended to supersede any regulatory or legal. broker-originated loans, as well as mortgage loans purchased from a correspondent. The bank stopped the modification process, as the borrower had.. Washington State Department, Mortgage Fraud -Florida Property, Undated.
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Want to apply for a mortgage? Visit our homebuyers center for information on mortgage loans and to learn about the mortgage loan process. PMI: Property mortgage insurance policies insure the lender gets paid if the borrower does not repay the loan. PMI is only required on conventional mortgages if they have a Loan-to-value (LTV) above 80%.