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PORTLAND, OR—Beniamin Lucian Lucescu, 41, of Portland, Oregon, was convicted yesterday of the crimes of bank fraud and wire fraud following a three-day jury trial ...

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Simply stated, mortgage brokers go between the borrower and potential lenders to work out a mortgage agreement.

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The major difference between a mortgage broker and the mortgage specialist at your local bank is that a mortgage broker has several companies competing for your business.

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