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Mortgage Professor about disclosure: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure Rules on Adjustable Rate Mortgages
August 5, 2002, Revised October 14, 2005 Adjustable rate mortgages (ARMs) pose the greatest challenge to a disclosure system because of their complexity, the wide array of different types, and the frequency with which they mutate. New types of ARMs appear frequently, and old types ... more... Disclosure Rules on Mortgage Assumptions February 19, 2001 "When I purchased my home two years ago, I assumed the mortgage of the seller. Recently I applied to refinance, and was told that I had to pay a $5,000 prepayment penalty. The loan documents I was given ... more... |
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disclosure related definitions |
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Truth-In-Lending, TILA
Truth-In-Lending A federal law requiring disclosure of the Annual Percentage Rate to home buyers shortly after they apply for the loan. Also known as Regulation Z and Truth-In-Lending-Act (TILA). Requires disclosures about its terms and cost and gives consumers the right ... more... Regulation Z Regulation Z, Reg Z A federal regulation requiring creditors to provide full disclosure of the terms of a loan including the terms of the loan and the annual percentage rate (APR). APR is a interest rate reflecting the cost of a mortgage as a yearly rate. This rate ... more... |
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More about disclosure A Dozen Things You Must Know Before You Tie the Knot Real Estate: Buyer's Agent, Seller's Agent & Dual Agent (defined and explained) Sell Your Home Without a Realtor and Save Thousand$$$ Top 10 Things to Consider on Home Loans Home Owners In Trouble! The Real Estate Bubble, Rising Interest, and Variable Rate Loans Concern Fed Wall Street to Main Street: News, Views and Commentary: April 5, 2006 Litigation Funding Is Here To Stay Top Ten Tips when Buying Real Estate! Franchise Buyers from Hell Negotiating the Sale of Your Home
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