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After closing on a home, some borrowers receive notice that their mortgage has been transferred to another company. This process is known as loan servicing. Loan servicing refers to the company responsible for managing the day-to-day aspects of the loan, including collecting payments, managing escrow accounts, and providing statements. While ...
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Homebuyers appear to be getting used to the new normal of higher mortgage rates, even the highest in over a month. Buyer demand for mortgages helped to push total mortgage application volume up 1.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. CNBC's Diana Olick explains. Read more at the #linkinbio or the link on screen. #CNBC
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