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Mortgage Professor about subprime loans: | |||||||||||||||||||||||
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... |
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subprime loans related definitions |
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Secondary Mortgage Market
Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... Negative Amortization Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... |
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More about subprime loans Fannie Mae and Freddie Mac Mortgage Loans - Conforming Loans Provide Low Interest Rates 100% Mortgage Financing - Understanding Zero Down Mortgages Bad Credit Home Financing - Buy a House Even With Poor Credit Zero Down Home Financing - No Money Down Mortgage Loans Adverse Credit Mortgage Loans - 3 Tips on Getting Approved Bad Credit Refinance Loans - Finding a Good Lender Bad Credit Refinance 101: The Hows and The Whats 100% Financing or No Down Payment & Bad Credit Mortgage Loans Buying a Home After a Foreclosure Buying A Home After Bankruptcy - When Is It Smart To Buy?
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