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Mortgage Professor about subprime: 
Why Is the Loan Rejection Rate Rising?
March 20, 2000 "I have read that in recent years loan rejection rates have increased, especially among lower-income people and minorities?Why do they continue to get the short end of the stick?" You are ... more...

Second Mortgage Versus Home Equity Loan
June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more...

subprime related definitions

Origination Fee
Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more...

Loan Origination Fees
Loan Origination Fees Charge by a lender or broker connected with originating a loan. Different from discount points which are used to buy down the rate of interest. A point is simply one percent of the total loan amount. Loan origination fee usually varies from 0.5% to 2% ... more...

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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...

New York Refinance - Refinancing in New York
If you are looking to refinance in New York, it helps to get the facts before you begin the refinancing process. If you have an existing high interest mortgage, refinancing now could be the best choice for you. You can choose to refinance with cash out to make home improvements or to consolidate ... more...

Mortgages for Dummies: Refinancing after Bankruptcy
People file bankruptcy for a variety of reasons: divorce, medical reasons, or loss of employment; whatever the reason, do not think this is a stain you will never overcome. There are mortgage lenders that specialize in financing individuals with bankruptcy or other credit problems. In fact, bad ... more...

The Boom Fraud -- Mortgage Market Fraud On The Rise
While mortgage experts caution against the impending housing bubble, the housing market continues to boom. Like all hot markets, the scammers can't stay away when they get a whiff of money. Mortgage industry researchers report that mortgage based scams are on the rise and are bilking Americans for ... more...

Adverse Credit Mortgages - Home Loans For People With Poor Credit
Mortgage lenders offer many financing options for people with adverse credit. For those who dont qualify for an A loan, you can use a B, C, or D loan to finance the purchase of your home.These home loans offer short-term financing until your credit score improves and you can qualify for an A loan ... more...

Help With Debt Problems
Many reputable debt management companies can help you deal with your debt problems. You can work with a credit counselor to create your own plan to pay off bills. Companies can also help you reduce your debt through debt management plans, consolidation loans, or debt negotiations. While each ... more...

Fannie Mae and Freddie Mac Mortgage Loans - Conforming Loans Provide Low Interest Rates
Conforming loans provide low interest rates since they are almost guaranteed to be purchased by Fannie Mae or Freddie Mac, which allows more funds to be available for borrowers. However, these corporations have terms, such as maximum loan, that limit how much you can borrow. If you dont meet their ... more...

100% Mortgage Financing - Understanding Zero Down Mortgages
100% mortgage financing can help you buy a house with little out of pocket expense. So whether you are a first time homebuyer or an investor, you can easily purchase a home. But not all zero down mortgages are the same. So you need to be careful in compare financing offers and finding ... more...

Zero Down Home Financing - No Money Down Mortgage Loans
Zero down home financing helps you buy a house with little out of pocket expense. Instead of depositing $60,000 to $20,000 to get in your home, the most you will pay are closing costs of a few thousands. No money down can also help you buy a vacation home without completely depleting your ... more...

Adverse Credit Mortgage Loans - 3 Tips on Getting Approved
All types of mortgage loans are available for people with adverse credit. Regardless of your credit score, you can purchase a home. What is difficult is finding the right rates with the right terms. Fortunately, with a little bit of research and work on your part, you can do it. The following three ... more...

Bad Credit Refinance Loans - Finding a Good Lender
Finding a good lender to help you with refinancing your home loan can be tricky if you have bad credit. There are plenty of predatory lenders out there who would like to take advantage of you with excessively high interest rates and fees. The key to finding a good lender is to know what are ... more...

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