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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 Credit Problems: What You Can Do Mortgage: Effective Household Investment for Financial Autonomy Best Mortgage Rate - How To Take Advantage Of The Best Home Loans Stock Market, Bonds, Deposit Account, Cash, Equities, Unit Trusts - Few, Just Few of the Ways of Sav Predatory Mortgage Lenders How to Avoid Becoming a Victim Bad Credit Mortgage Lenders - How to Get the Lowest Mortgage Rate Subprime Mortgage Loans - What is a Subprime Loan? Poor Credit Mortgage - Overcoming Financial Slumber Choosing The Right Mortgage For You Mortgages for Dummies: Working With a Mortgage Broker
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