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  2. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In the case of home loans, if the borrower defaults on the loan, the bank would have the legal right to repossess the house and sell it, to recover sums owing to it. Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car.

  3. PennyMac Financial Services - Wikipedia

    en.wikipedia.org/wiki/PennyMac_Financial_Services

    PennyMac Financial Services, Inc. is an American residential mortgage company headquartered in Westlake Village, California. The company's business focuses on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. PennyMac operates through two subsidiaries: PennyMac Loan ...

  4. Can you get a home equity loan on investment or rental ... - AOL

    www.aol.com/finance/home-equity-loan-investment...

    Joint and single filers who took out their home equity loan after Dec. 15, 2017, can deduct interest on up to $750,000 worth of qualified loans, while separate filers can deduct the interest on up ...

  5. Mortgage loan - Wikipedia

    en.wikipedia.org/wiki/Home_mortgage

    A mortgage loan or simply mortgage ( / ˈmɔːrɡɪdʒ / ), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

  6. Homeowners Refinancing Act - Wikipedia

    en.wikipedia.org/wiki/Homeowners_Refinancing_Act

    The Homeowners Refinancing Act (also known as the Home Owners' Loan Act of 1933 and the Home Owners' Loan Corporation Act) was an Act of Congress of the United States passed as part of Franklin Delano Roosevelt's New Deal during the Great Depression to help those in danger of losing their homes. [1] The act, which went into effect on June 13 ...

  7. Financial services - Wikipedia

    en.wikipedia.org/wiki/Financial_services

    Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many types of broker, and some government-sponsored enterprise. Financial services include accountancy, investment banking, investment management, and personal asset management.

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