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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...

Fixing the Mortgage System So It Works For Borrowers
September 5, 2005 In some respects, the United States housing finance system is the best in the world. In other respects, it is unworthy of a banana republic. Our housing finance system has a primary market and a secondary market. The primary market is the market the borrower ... more...

predatory lenders related definitions

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...

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...

More about predatory lenders

Get Free predatory lenders 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 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 Basics What You Need to know
If you are in the market for a new mortgage or refinancing your current mortgage, you need to do your homework and shop for the best mortgage deal. Doing your homework means learning mortgage basics; here are the fundamentals to get you started.Mortgage Interest Rates: Fixed Rate or ... 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...

The Worst Cash-Flow Strategy Ever!
Want to achieve a chronic state of personal economic turmoil? Here's how to do it!Live above your means.Perhaps you're already doing it but don't know just how serious your negative cash-flow is. If this is your situation, don't despair. You are not alone! It's estimated that 40 percent of ... 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...

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...

The Top 5 Things You Must Know Before Applying for a Mortgage
Youve been thinking about buying your own home for quite a long time, and now youre ready to take the plunge. Youve been saving money for a down payment, and you know the next step is preparing to apply for a mortgage.But where do you start?Here are the top 5 things you need to know before ... more...

Bad Credit Debt Consolidation when Debt Joins Hands with Bad Credit
How does your month starts paying interest rate on your car, credit cards, grocery bills, medical bills and what not. It is a taxing process and chances are you cant even make the complete payments. Debt consolidation offers the best solution available for this predicament. Debt consolidation is ... more...

Mortgage Financing: Beware of Predatory Lenders
In November 2005, Montgomery County, Maryland's county council enacted legislation to expand the categories of discriminatory lending activities associated with discriminatory housing practices and increased the maximum fine for such activities from $5,000 to $500,000. The council sited practices ... more...

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