Commission Rules. A mortgage broker's commission is usually paid by the borrower in the form of closing costs or loan origination points. In 2011, the Federal Reserve issued rules that prohibited mortgage brokers from receiving commission from both a borrower and lender in the same transaction.
Bessemer is situated in the midst of the iron ore and limestone district of Alabama, in the southern part of the 3-mile wide Jones Valley. Iron ore was mined on the hills on the city's southeast side, coal was (and still is) mined to the north and west, and limestone deposits were also nearby.
History: Discovered in 1855 by Sir Henry Bessemer. The Bessemer process was discovered through Sir Henryâs attempts to manufacture steel faster and more cheaply. Particularly for the purpose of manufacturing military weapons, which were at the time made with iron, which is considerably heavier than steel.