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Table funding

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21:40 Jan 17, 2012

This question was closed without grading. Reason: Other

English to Spanish translations [PRO]
Bus/Financial - Insurance / Mortgage terminology

English term or phrase: Table funding

This term appears in a Mortgage originator website.

Maria Emilia Gonzalez Saua KudoZ activity Questions: 52 (1 open) (1 without valid answers) (3 closed without grading) Answers: 0 Argentina
Local time: 06:49

Summary of answers provided

financiación en el mercado secundario

Mercedes Marta Moreno

3 +1

financiación con fondos de terceros

patinba

Answers

50 mins confidence:

peer agreement (net): +1

table funding financiación con fondos de terceros

Explanation:
based on:
A lending method employed when a loan originator does not have access to the money necessary to make loans and then hold them until it has enough to sell on the secondary market. As a result, the originator forms a relationship with a lender who provides the funds for closing and immediately takes an assignment of the loan.This is called table funding. Under regulations of the Department of Housing and Urban Development, table-funded loans must disclose service release premiums—profit received by the originator—on the loan closing settlement statement. Loans sold on the secondary market do not have to make those disclosures

patinba
Argentina
Local time: 06:49
Native speaker of:

English
PRO pts in category: 173

21 hrs confidence:

table funding financiación en el mercado secundario

Explanation:
Las instituciones que emiten los préstamos (en el mercado primario) recurren a fondos del mercado secundario. Actúan como representantes de los verdaderos prestamistas.

http://www.inversionytrading.es/divisas/merkel-se-divierte-j...

Mercedes Marta Moreno
Local time: 11:49
Specializes in field
Native speaker of:

Spanish
PRO pts in category: 26

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