Home > Glossary > Garbage Fees
Meaning / Definition of
Garbage Fees
Categories: Finance,
Unnecessary fees tacked onto mortgage closing costs by lenders to pad the lender's profit. Garbage fees may have names such as "administrative fee", "application fee", appraisal review fee", "courier fee", "document preparation fee", "document review fee","loan origination fee" and "settlement fee". These charges are usually either blatantly illegitimate or are typical costs of business but either way, they are dramatically exaggerated before being passed on to the customer.
Featured term of the day
Definition / Meaning of
Mortgage (mortgagee) Clause
Categories: Insurance,
removed
Most popular terms
1. Homeowners Policy Special Form 3 (HO 3)2. Jumbo CD
3. Most Favored Venue Wording
4. Sell Short
5. Prohibited Transactions
6. Synthetic Investment
7. Distribution
8. McDonough Ratio
9. Credit Default Swap
10. Hand
Search a term
Browse by alphabet
A | B | C | D | E | F | G |
H | I | J | K | L | M | N |
O | P | Q | R | S | T | U |
V | W | X | Y | Z | # |
Browse by category
AccountingBanking
Bankruptcy Assistance
Bonds and Treasuries
Brokerages
Business and Management
Compliance and Governance
Credit and Debt
E-commerce
Economics
Estate Planning
Forex
Fraud
Fundamental Analysis
Futures
Global
Insurance
International Trade
Investing and Trading
Ipos
Legal
Loan and Mortgage
Mergers and Acquisitions
Mutual Funds
Operation and Production
Options
Patent
Personnel Management
Real Estate
Retirement and Pension
Statistics and Risk Management
Stocks
Strategies
Tax
Technical Analysis
Venture Capital