Pat McCrory and U.S. Rep. Mark Sanford of South Carolina accepted six-figure stock payouts from an online mortgage broker accused by regulators of deceiving its customers. The two Republicans served.

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Mortgage Loan Types 1) Conventional Mortgage. This is the most commonly used type and usually has the best rates. You will ll typically need at least 10% for a down payment and good credit. Can be for 15 or 30 years or “interest only” where you are not paying any principal in your payment. 2) Mortgage Insurance.

Soon after taking office, North Carolina Gov. Pat McCrory and U.S. Rep. Mark Sanford of South Carolina accepted six-figure stock payouts from an online mortgage broker – a move that experts say raises.

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Mortgage Broker Definition – A mortgage broker is an intermediary who brings mortgage borrowers and mortgage lenders together, but does not use their own funds to originate mortgages. A mortgage broker helps a.

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Governor McCrory calls Associated Press report outrageous – Also today, political analysts say they have concerns about whether McCrory had been forthcoming about payments of more than $185,000 in cash and stock that he accepted from a Charlotte mortgage.

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