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Mortgage Professor about housing and urban development: | |||||||||||||||||||||||
Why Is Mortgage Servicing So Bad?
February 3, 2003, Revised December 13, 2004 Dissatisfaction With Mortgage Servicing The letter below is typical of many I have received on this theme. "I have had 3 mortgages by 3 different lenders, and the service I received after the loans closed ranged from poor ... more... How Do I Figure Escrows? September 6, 1999 "My loan officer tells me I need to deposit $1157 into an escrow account at closing to take care of future taxes and hazard insurance payments, but when I asked him where that number came from he said 'it is set by HUD' and was unable to explain it further. ... more... |
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housing and urban development related definitions |
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FHA, Federal Housing Administration
FHA, Federal Housing Administration A division of the Department of Housing and Urban Development. Its main activity is the insuring of residential mortgage loans made by private lenders, issues loan guarantees to make more housing available. FHA also sets standards for ... more... Ginnie Mae, Government National Mortgage Association, GNMA Ginnie Mae, Government National Mortgage Association, GNMA GNMA or "Ginnie Mae," is an agency within the U.S. Department of Housing and Urban Development. A government-owned agency, it buys mortgages from lending institutions and pools them to form securities, which it ... more... |
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More about housing and urban development Purchase Your First Home with Confidence Mortgage Debt Elimination in 5 to 7 years! Advantages and Disadvantages Of A Reverse Mortgage Home Loans and Mortgages Tips to Avoid Foreclosure Comparing The True Cost Of Obtaining A Home Loan What Homeowners Should Know to Stop Foreclosure- Speaking Your Lender's Language Reverse Mortgage: An Investment for Your Future How Ginnie Mae and Mortgage-Backed Securities Help You Get in a Home Issues Surrounding Structured Settlement and Reverse Mortgage Choices Mortgage Debt Elimination
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