Content area
Full Text
Argent Mortgage Co., a nonprime wholesale mortgage lender, has come out with the latest update of its fair mortgage lending best practices statement.
The company first issued these guidelines in September 2003 and has been periodically updating them as needed, said Jeff Gillis, executive vice president of operations.
Among the changes is limiting the fees a mortgage broker can charge the customer. Broker fees may not exceed 5% of the loan amount.
The company also updated its consumer-oriented website (www.argentloans.com)...