Review Mortgage Lenders

First Western Mortgage

Homeloans & Mortgages Perth West Australia

www.homeloans.adsonvids.com.au CHOICE HOME LOANS CARINE WESTERN AUSTRALIA are a family financial consultancy. They specialise in home loans ...

For those with high net-worth, local banks fill a niche

Brought to you by First Western Trust

The number of local banks across the United States is declining, and consolidation in the U.S. banking industry has resulted in fewer Colorado banks. The FDIC reports that the number of commercial banks operating in Colorado is down from 462 in 1987 to 78 today. This clearly means that larger banks now dominate the industry more than ever and hold the majority of deposits and loans in our communities, observes Charles Bantis, President of First Western Trust in Aspen.

Bantis also noted that "When you get away from the cities and suburbs and enter rural markets, especially rural resort markets like Aspen, the big bank model doesn't always translate well. Homogenous, standardized products, centralized customer service and decision-making, and limited local authority can combine to make it difficult for those banks to make the adaptations necessary to serve a market as unique as Aspen with its concentration of wealthy families, individuals and seasonal businesses. High net worth clients don't always get the specialized attention that their wealth requires.

Tower Research Capital LLC TRC Has $102,000 Stake in Western Asset Mortgage Capital Corp (WMC)

Tower Research Capital LLC TRC grew its position in Western Asset Mortgage Capital Corp (NYSE:WMC) by 183.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,145 shares of the financial services provider’s stock after buying an additional 6,565 shares during the period. Tower Research Capital LLC TRC’s holdings in Western Asset Mortgage Capital were worth $102,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Western Asset Mortgage Capital in the 2nd quarter valued at approximately $101,000. Centaurus Financial Inc. purchased a new stake in shares of Western Asset Mortgage Capital in the 2nd quarter valued at approximately $101,000. First Foundation Advisors purchased a new stake in shares of Western Asset Mortgage Capital in the 3rd quarter valued at approximately $100,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Western Asset Mortgage Capital in the 2nd quarter valued at approximately $112,000. Finally, Martingale Asset Management L P purchased a new stake in shares of Western Asset Mortgage Capital in the 2nd quarter valued at approximately $115,000. 43.49% of the stock is owned by institutional investors and hedge funds.

How can one mortgage holder "sometimes" charge a processing fee but the other can not?

Aside from language that may be in either mortgage contract, is there a recent law or Court decision that keeps this from being collected in Ohio? What is it?





I live in Ohio.