origination fee

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  • noun

Words related to origination fee

a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan

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References in periodicals archive ?
March 26, 2014 /PRNewswire/ -- PenFed(Pentagon Federal Credit Union) today announced that the credit union is running a limited time promotional offer that waives the origination fee requirement on its VA 15-Year and 30-Year Fixed mortgages.
While the proposed rule came out the day this column went to press, it is clear the CFPB has decided not to propose a flat origination fee.
For this purpose, OID can include capitalized interest and loan origination fees.
Exhibit I illustrates a portion of the comparison schedule between Case I, the financing alternative with the higher interest rate, but the lower points or loan [TABULAR DATA FOR EXHIBIT I OMITTED] origination fee, and Case II, the financing alternative with the lower interest rate, but the higher points or loan origination fees.
The CUSO's decision to remove the origination fee comes at a time when student borrowers are faced with escalating tuition costs nationwide, creating a widening funding gap in order to finance their education.
TruHome Solutions LLC has announced a 20 basis point discount off its mortgage origination fees for all loans funded in September and October.
Congress has also authorized the eventual elimination of the federally required origination fee students must pay to take out federal Stafford loans.
He went on to advocate a careful examination of origination fee elimination, student aid packaging, and needs analysis.
The Broker determines the amount of the loan origination fee 2.
They hired a mortgage broker that told them he would charge a 4% origination fee because of the "complexity" associated with the deal due to their self-employment status.
In response, Harari informed brokers that they would receive the entire loan origination fee for simply filling out one page of information online, submit supporting documents and completing several other tasks that are designated and tracked on GoLoan's Web site.
Sallie Mae, for example, will pay the 2-percent origination fee on a borrower's behalf for loans taken out next year.
13 /PRNewswire/ -- Financing an education just became easier as Bank of America today announced that the company will pay the three percent Government origination fee on all Federal Stafford Loans made to students during the academic year of 2006-2007.
CFC will structure loans on monthly, six-month or one-year terms with an origination fee.
announced today that it will offer 0 percent origination fee Federal Stafford Loans nationwide for the 2006-2007 academic year, allowing students to keep more of their loan money for education costs.