- Origination fee
An origination fee, or activation fee, is a payment associated with the establishment of an account with a bank, broker or other company providing services handling the processing associated with taking out a loan.
An activation fee is typically a set amount for any account. However, an origination fee usually varies from 0.5% (half a point) to 2% (two points) of a given loan amount, depending on whether the loan was originated in the prime or the subprime market. For example, an origination fee of 2% on a $200,000 loan is $4,000.
Discount points are used to buy down the interest rates, temporarily or permanently. Origination fees and discount points are both items listed under lender-charges on the HUD-1 Settlement Statement.
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origination fee — see fee 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. origination fee … Law dictionary
Origination Fee — An up front fee charged by a lender for processing a new loan application, used as compensation for putting the loan in place. Origination fees are quoted as a percentage of the total loan and are generally between 0.5% and 1% on mortgage loans… … Investment dictionary
origination fee — noun a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan • Hypernyms: ↑fee … Useful english dictionary
origination fee — Charge to borrower (of e.g., mortgage loan) to cover costs of issuing loan, including credit and title checks, property appraisals, etc … Black's law dictionary
Origination — The making of mortgage loans. The New York Times Financial Glossary * * * origination o‧rig‧i‧na‧tion [əˌrɪdʒˈneɪʆn] noun [uncountable] 1. FINANCE the process of arranging and supplying a loan, especially a mortgage (= loan for buying a house) … Financial and business terms
origination — The making of mortgage loans. Bloomberg Financial Dictionary * * * origination o‧rig‧i‧na‧tion [əˌrɪdʒˈneɪʆn] noun [uncountable] 1. FINANCE the process of arranging and supplying a loan, especially a mortgage (= loan for buying a house): • the… … Financial and business terms
Origination Points — A type of fee borrowers pay to lenders or loan officers in order to compensate them for the role they play in evaluating, processing and approving mortgage loans. Credit history is one factor that plays a role in the amount of origination points… … Investment dictionary
Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… … Wikipedia
originating fee — /ə rɪdʒɪneɪtɪŋ fi:/, origination fee /əˌrɪdʒɪ neɪʃ(ə)n fi:/ noun US a front end fee charged to cover the costs of dealing with an application for a loan … Dictionary of banking and finance
Aria the Origination — Aria (manga) Pour les articles homonymes, voir Aria (homonymie). ARIA アリア (A … Wikipédia en Français