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Second mortgage brokerage firm tied to real estate developer Fortress Real Developments shuts down – A second mortgage brokerage firm that raised money to finance projects for Fortress Real Developments Inc. has closed its doors, marking another setback for the troubled real estate developer. fds.
Mortgage Broker Definition – A mortgage broker serves as an intermediary between borrowers and lenders. Whether a potential borrower is buying a new home or refinancing, a broker gathers loan options from various lenders for the borrower to consider, while qualifying the borrower for a mortgage.
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