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Mortgage Professor about subprime lenders: | |||||||||||||||||||||||
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... Do Secondary Mortgage Markets Help Borrowers? October 7, 1999, revised April 2, 2003 "In a recent column you said that there was no serious downside to borrowers from having their loans sold, but you didn't point to any upside to the practice, either?Don't loan sales raise costs, ... more... |
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subprime lenders related definitions |
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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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More about subprime lenders The ABCs of Bad Credit Lending Bad Credit Home Purchase Loans - How To Purchase a Home with Bad Credit Sub Prime Mortgage Lenders - 3 Tips On Getting Approved Adverse Credit Mortgage Loans - 3 Tips on Getting Approved Bad Credit Refinance 101: The Hows and The Whats Buying a House After Bankruptcy - Things To Consider Mortgage Loans For People With Bad Credit Home Loans For People With Adverse Credit History No Money Down Mortgage Loans How to Buy a House with No Money Down Fannie Mae and Freddie Mac Mortgage Loans - Conforming Loans Provide Low Interest Rates
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