Escrow Deposits |
12 Months Ended |
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Dec. 31, 2019 | |
Escrow Deposits | |
Escrow Deposits |
7. Escrow Deposits Some of the mortgage loans made by the Company have future funding requirements, in which only a portion of the principal amount of the loan is funded at the closing of the loan. In such cases, the Company deposits the full amount of the loan with the closing attorney prior to the closing. Following the closing, the closing attorney will return the undisbursed funds to the Company. |
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- Definition n/a No definition available.
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- Definition The entire disclosure for escrow deposits. No definition available.
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