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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 Mortgage Companies - Prime Lenders vs Sub Prime Lenders 2nd Mortgage Loan After Bankruptcy - Get Approved Online Buying A Home After Bankruptcy Low Credit Score Mortgage Loans Sub Prime Auto Financing - How to Get Approved Subprime Mortgages Low Down Payments And No PMI 100% Financing or No Down Payment & Bad Credit Mortgage Loans Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later Refinance Your Mortgage to Rebuild Credit High Risk Mortgage Lenders - What Are Your Options? Buying a Home after Foreclosure - Comparing Bad Credit Lenders
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