Mortgage News

Trail commissions being withheld

Monday 22nd of September 2008
Non-bank lender United Home Mortgages, previously known as United Home Loans, said that mortgage funders were withholding trail payments when loans were in arrears.

“Non-payment to us means of course that we are unable to on-pay brokers whilst the loan is in arrears. This has caused some confusion with brokers who have been used to in the past receiving payments,” United said in a recent circ...

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