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Wholesale Mortgage Banking Defined

The purchasing of loans originated by others, for the acquisition of the servicing rights.

This definition is in context to Finance. See more contextual defintions for Wholesale Mortgage Banking.


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CENTRAL NY BUSINESS NEWS

Published August 30, 2008, 2:25 am, The Post-Standard

• 2 viruses surface in mosquito pools Evidence of West Nile virus, a mosquito-borne infection that can cause serious illness and in some cases death, has been found in a mosquito pool at Three Rivers in the town of Lysander.

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ATB Financial records continuing growth in first quarter

Published August 29, 2008, 10:48 am, CNW Group via Yahoo! Finance

Operating revenue, loan and deposit growth resulted in ATB Financial recording a $56.7-million profit in the first quarter of 2008-2009.

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5000 brokers to go in mortgage mayhem

Published August 29, 2008, 7:00 am, The Australian

FOUR years ago, amid a seemingly never-ending boom in home-lending, Wayne Ormond's mortgage broking colleagues dubbed him the Chicken Little of the industry when he warned that the banks "are turning on (us)".

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Now Available - 2008 Saudi Arabia Industry & Market Outlook

Published August 29, 2008, 2:39 am, Business Wire via Yahoo! Finance

DUBLIN, Ireland----Research and Markets has announced the addition of the "2008 Saudi Arabia Industry & Market Outlook" report to their offering.

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CENTRAL NY BUSINESS NEWS

Published August 29, 2008, 2:10 am, The Post-Standard

• Economic Rally Maybe Washington The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last.

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Bradford & Bingley Posts First-Half Loss on Bad Debts (Update1)

Published August 29, 2008, 12:22 am, Bloomberg.com

Aug. 29 (Bloomberg) -- Bradford & Bingley Plc , the biggest lender to U.K. landlords, posted a first-half loss after funding costs wiped out earnings and bad loans surged.

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CBA grabs stake in Aussie Home Loans

Published August 28, 2008, 9:11 pm, News Interactive

AUSSIE Home Loans founder John Symond is offloading 33 per cent of the mortgage broking business to CBA.

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Australia's CBA to buy 33% stake in Aussie Home Loans

Published August 28, 2008, 8:44 pm, The Economic Times

Commonwealth Bank of Australia Ltd (CBA) agreed to buy a 33 per cent stake in mortgage broker Aussie Home Loans.

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(AFX UK Focus) 2008-08-29 03:28 UPDATE 1-Australia's CBA to buy 33% stake in Aussie Home Loans

Published August 28, 2008, 7:56 pm, Interactive Investor

SYDNEY, Aug 29 (Reuters) - Commonwealth Bank of Australia Ltd (CBA) , the country No. 2 lender, agreed to buy a 33 percent stake in mortgage broker Aussie Home Loans, as Australian banks swoop on opportunities created by the global credit crisis.

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Reuters Canada Business Summary

Published August 28, 2008, 8:17 am, The Globe and Mail

TORONTO (Reuters) - Royal Bank of Canada , Canada's biggest bank, reported quarterly earnings that beat market forecasts and it took lower charges than many analysts had expected, helping to boost its shares 4.2 percent.

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