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Mortgage Professor about high risk loans: | |||||||||||||||||||||||
What Are Mortgage Documentation Requirements?
5 October 2005 What Does Mortgage Documentation Consist Of? A lender?s "documentation requirements" stipulate a) the information about income, assets and employment that must be provided; b) whether and how this information will be used by the lender; and c) ... more... Common Questions About Mortgage Brokers May 4, 1998 "What do mortgage brokers do?" A mortgage broker is an independent contractor who offers the loan products of multiple lenders who are called "wholesalers." A mortgage broker counsels ... more... |
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high risk loans related definitions |
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Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... Secondary Mortgage Market Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... |
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More about high risk loans Why Choose a Bad Credit Personal Loan? Poor Credit Home Equity Loan Tips Home Refinancing for People with Bad Credit - How to Avoid High Fees Poor Credit Home Equity Loan Tips - How to Find the Best Home Equity Loan Unsecured Consolidation Loans: A Master Key Unlocking Several Doors "to Freedom" How To Place Yourself in the Secure Society Secured Debt Consolidation Loans Lessen Your Worry Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later Lower Monthly Payments - Ways to Consolidate Consumer Debt When to Get a Second Mortgage
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