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Many believe that unlike the regulated banks and other large lenders, mortgage brokers might be taking on high-risk mortgages. Murtaza Haider is an associate professor at Ryerson University..
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A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products.
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Texas Mortgage Firm Survives and Thrives Despite Repeat Sanctions – It bills itself as the nation’s biggest privately held mortgage broker-banker with some 200 branches. William Black, an associate professor of economics and law at the University of Missouri-Kansas.