What is predatory lender - Mortgage Loan - How to Streamline the Application Process



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What Is Predatory Lending?
November 8, 1999 "What is 'predatory lending'"? Predatory lendinghas been much in the news lately, and legislation has been introduced in a number of states to regulate it away. Most of this proposed legislation is ill-advised -- a knee-jerk response to horror stories. ... more...

Borrowers Should Be Able to Fire Mortgage Servicers
February 2, 2004 "I'm very unhappy with the lender servicing my mortgage, would you spell out the procedures for changing lenders?" Bad news, the only way to change the lender servicing your loan is by refinancing. Unless you have other reasons to refinance, ... more...

predatory lender related definitions

Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... more...

Origination Fee
Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more...

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Get Free predatory lender Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Mortgage Loan - How to Streamline the Application Process
If you are in the process of applying for a mortgage or refinancing your current mortgage there are steps you can take to ensure the process goes as smoothly as possible. Here are tips to help you along the way.After you have selected a mortgage lender and a loan, you need to submit the ... more...

Mortgage Loan Should You Pay Points?
If you are in the process of shopping for a mortgage you may wonder about paying points. Many people will tell you to avoid paying points at all costs. Are there any advantages to paying points? Here is all you need to know about paying points on your mortgage loan.Points, often referred to as ... more...

Mortgage Loan What are No Doc Loans?
No doc mortgages are often referred to as stated income loans. These mortgages allow individuals with good credit and sporadic income to qualify for a mortgage. Here is all you need to know about no doc mortgage loans.No doc loans are intended for homeowners that have trouble documenting their ... more...

Bad Credit Mortgage Lenders - The 3 Most Common Subprime Lending Scams
Legitimate sub-prime lenders provide a needed service to many wishing to buy a home. By offering financing to those with adverse credit, sub-prime lenders offer a valuable financing options. However, predatory lenders take advantage of people with poor credit by charging excessive fees, forcing ... more...

Fight for the Future
The mortgage industry has experienced one of its most-prosperous times in recent history. Just 10 years ago, our field was one-sixth the size of what it is now. Since then, we have seen a boom in loan volume and a massive influx of professionals to the industry.As these wonderful things were ... more...

Do You Need A Company To Consolidate Your Debt?
Once youve made the decision to take action to reduce your personal debt, the next step is a solid debt reduction plan. For some, that plan rests upon using the services of a debt consolidation company. But, do you need a company to consolidate? An important question, one that deserves real ... more...

Mortgage Refinancing Do Your Homework First
If you would like to save money on your mortgage you need to shop for the best deal. In order to avoid common mistakes homeowners make when shopping for a mortgage, you need to do your homework before you shop. Here are the basics you need to know before getting started.Finding a new mortgage ... more...

Mortgage Loan Find The Perfect Lender Online
When shopping for a mortgage you have a variety of choices when it comes to lenders. There are traditional banks and credit unions, brick and mortar mortgage companies, and online lenders. All have their advantages; however, how do you know which is right for you? Here is why the Internet will ... more...

Interest Only Loans What You Need to Know?
If you are shopping for a house or refinancing, youve probably seen ads for interest-only loans. While this type of loan is beneficial for some homebuyers, other homebuyers might regret the decision to take out an interest-only loan.Interest-only (IO) loans are structured so that the borrower pays ... more...

Mortgage Loan Your Mortgage Lender and Their Dirty Little Secrets
If you are in the market for a mortgage or a home equity loan, you need to do your homework before signing on the dotted line. There are a number of common mortgage mistakes that can cost you thousands. Many mortgage lenders rely on you making mistakes so they can charge you more. There are a ... more...

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