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.
Sir Henry Bessemer was an English inventor, whose steelmaking process would become the most important technique for making steel in the nineteenth century for almost one century from year 1856 to 1950. He also played a significant role in establishing the town of Sheffield as a major industrial centre. Bessemer had been trying to reduce the cost of steelmaking for military ordnance, and developed his system for blowing air through molten pig iron to remove the impurities. This made steel easier,