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Mortgage Professor about sub prime mortgage lending: | |||||||||||||||||||||||
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... What's the Remedy for Predatory Lending? August 20, 2001 "How do we get rid of predatory lending?" Community Action There are 4 general approaches to getting rid of predatory lending. The first is to identify predators and either persuade them to change their practices or counsel consumers to ... more... |
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sub prime mortgage lending related definitions |
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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... 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... |
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More about sub prime mortgage lending FHA Mortgage Loans - The Benefits of an FHA Mortgage You Are A Poor Mortgage Candidate If A Credit Card Glossary of Terms Refinance Mortgage Lenders - Prime Lenders vs Sub Prime Lenders Bad Credit Home Loan - Apply Online and Keep Your Credit Score as High as Possible Bad Credit? With Poor Credit You Can Still Refinance Or Get A Home Equity Line Of Credit Bad Credit Home Loans - Dealing With Bad Credit Mortgage Companies Online Adverse Credit Mortgage Loan - Persistence is the Key to Getting Approved Bad Credit Mortgage Lenders - The 3 Most Common Subprime Lending Scams Home Loans For People With Adverse Credit History
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