What is predatory lending - Loans 101: Application and Approval



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Mortgage Professor about predatory lending:

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...

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...

predatory lending 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...

Truth-In-Lending, TILA
Truth-In-Lending A federal law requiring disclosure of the Annual Percentage Rate to home buyers shortly after they apply for the loan. Also known as Regulation Z and Truth-In-Lending-Act (TILA). Requires disclosures about its terms and cost and gives consumers the right ... more...

More about predatory lending

Get Free predatory lending 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...

Loans 101: Application and Approval
A loan is a type of debt. Like all debts, a loan involves the re-allocation of money over a period of time between the borrower and the lender. The borrower initially receives an amount of money from the lender. This money is paid back either in full or in regular installments (with interest of ... more...

Don't Buy The Government Grant Guides From The Joker Or The Joke Will Be On You
Government grants are available on-line for free.Go to Firstgov.gov which also includes state grants and assistance. Then go to grants, fill in the brief questionaire and it does a search that narrows down what you want and what you qualify for.There are seemingly unlimited amounts of grants, funds ... more...

Bad Credit Home Loans - Dealing With Bad Credit Mortgage Companies Online
Dealing with mortgage companies online can enable you to get a home loan even with bad credit. Bank associates skepticism and talk around are avoided when you apply online with a mortgage broker. You also can compare multiple financing offers to ensure you are not getting scammed just because you ... more...

Credit Card Consolidation - Recycling Expensive Plastic Money
Do you know the credit card debt figures in July 2005? 55.87billion. That is enormous. UK is standing witness to the growing incidence of multiple card holding. 6 out of 10 people have more than one credit card. According to APACS (Association of Payment Clearing Services) two third of adult ... more...

Mortgage Loan Shop Smartly or Pay Too Much
Shopping for the right mortgage loan is the best way to save money provided you do it correctly. There are a number of mistakes to be made along the way; mistakes can cost you thousands of dollars. Here is what you need to avoid making them.If you are in the market for a new mortgage or want to ... more...

Mortgage Loan - Beware Balloon Payments
Balloon payments can be a nasty surprise for any homeowner that does not fully understand their loan contract. Here are the basics you need to understand about balloon payments and why you should avoid them.What are Balloon Payments?A balloon payment is simply a large sum of loan principal due at ... more...

Heinous Mortgage Mistakes
Homeowners make a variety of costly mistakes when it comes to mortgages. Here is all you need to know to avoid these mistakes.Any homeowner regardless of their credit, needs to avoid making financial mistakes when it comes to their mortgage. If you are in the process of taking out a mortgage you ... 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 - 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...

Entrepreneurs (or Anybody Else): If You Must Use Credit Cards, Practice 'Safe Swiping'
But Everybodys Doing It Are you familiar with that plea some children make in an attempt to get what they want based on the behavior of their peers: But everybodys doing it? Should you, as a business founder or one who wants to be, use credit cards, just because a majority of your peers are using ... more...

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