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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 Sub-Prime Mortgage Loans - Things You Should Know About Sub-Prime Mortgages Poor Credit Home Equity Loan Tips What Factors Do Lenders Consider? Bad Credit Mortgage Lenders Comparing Interest Rates and Mortgage Programs Bad Credit? Finance Your Home Mortgage Loan with a Sub Prime Mortgage Lender The Truth About Bad Credit Loan Mortgage Bad Credit Mortgage Finding The Right Lender Vultures and Victims Financing a Home With Bad Credit Mortgage Info You Can Actually Understand! The Three Factors of Credit-Worthiness
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