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Is This a Good Definition of Predatory Lending?
18 October 2004 "The California mortgage brokers association has recently come out with a definition of ?predatory lending?, which they claim will allow borrowers to protect themselves. Do you agree?" I think they get an A for effort, and are on the right track in ... more... Why Is This Mortgage Refinance "Cash-Out"? June 9, 2003, revised August 20, 2003 "We currently have a first and second mortgage, with plenty of equity left. We would like to take advantage of the current low rates and consolidate the two mortgages into one. Lenders are telling us, however, that because the second ... more... |
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mortgage definition related definitions |
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Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more... Mortgage Note Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more... |
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