#broker

Is any broker offering a decent return while money waits to be settled?

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Is any broker offering a decent return while money waits to be settled? So I am a relatively beginner, buying brokered cds using money I will need in the next year or so. The first lesson I learned is that it takes time for money to settle (sometimes over a week). Today I learned that some brokers might offer a decent return in the money account while the money that is waiting to settle. But I’m having trouble findi…

Reddit Personal Finance 208 2023-10-08

Is my dad being taken advantage of by broker?

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Is my dad being taken advantage of by broker? TL;DR – My dad invested with Edward Jones for 15 years and his rate of return is 4.5% and was told his portfolio was doing “great.” A few years ago, I asked my dad how much his retirement nest egg was. He said around $600K. Tonight I asked him the same question. He said around $600K. Confused, I asked to see my dad’s statements. I just found out…

Reddit Personal Finance 224 2023-10-05

What’s the difference between a mortgage broker, loan originator, loan officer?

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What’s the difference between a mortgage broker, loan originator, loan officer? I am a first time home buyer and asked two real estate agents for mortgage broker recommendations. All of the recommendations turned out to be lenders after talking with them, some loan originators, officers, etc. Is it normally this difficult to find a mortgage broker, and is it really necessary to talk to one? Reddit generally seems to recomme…

Reddit Personal Finance 166 2023-09-11

Asked how to remove Private Mortgage Insurance (since I think I’ve hit the threshold) and was told I’ll need to pay a fee to an unknown-to-me broker. Is this sketchy?

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Asked how to remove Private Mortgage Insurance (since I think I’ve hit the threshold) and was told I’ll need to pay a fee to an unknown-to-me broker. Is this sketchy? I bought my home a little over two years ago, 6% down. With how much the market has appreciated in that time, and what homes around me are being listed for, I strongly suspect I’m below the 80% loan-to-value threshold needed to remove Private Mortgage Insurance. I contacted my mortgage servicer (my mortgage servicing has switched hands twice sin…

Reddit Personal Finance 131 2023-08-22

U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum

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U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum U.S. Senator Thomas Tuberville (R-Ala.) wrote an open letter to Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler asking them to investigate Prometheum, a special-purpose broker that recently secured federal permissions to offer crypto trading services.

Coindesk 182 2023-07-11