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Mortgage Professor about truth in lending disclosure: 
Disclosure Rules on Mortgage Assumptions
February 19, 2001 "When I purchased my home two years ago, I assumed the mortgage of the seller. Recently I applied to refinance, and was told that I had to pay a $5,000 prepayment penalty. The loan documents I was given ... more...

Disclosure Rules on Adjustable Rate Mortgages
August 5, 2002, Revised October 14, 2005 Adjustable rate mortgages (ARMs) pose the greatest challenge to a disclosure system because of their complexity, the wide array of different types, and the frequency with which they mutate. New types of ARMs appear frequently, and old types ... more...

truth in lending disclosure related definitions

Truth-In-Lending, TILA
Truth-In-Lending A federal law requiring disclosure of the Annual Percentage Rate to home buyers shortly after they apply for the loan. Also known as Regulation Z and Truth-In-Lending-Act (TILA). Requires disclosures about its terms and cost and gives consumers the right ... more...

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

More about truth in lending disclosure

Get Free truth in lending disclosure Quotes and Estimates

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...

Real Estate Stories that Show You How!
Lets begin easing you out of the pits. I mean, comfort zone! Im going to slowly and methodically give you as many little sparks and insights to the relatively simple ways that ordinary people use real estate to achieve extraordinary results.Stories are the best spark plugs. They let you casually ... more...

The Typology of Financial Scandals
Tulipmania - this is the name coined for the first pyramid investment scheme in history.In 1634, tulip bulbs were traded in a special exchange in Amsterdam. People used these bulbs as means of exchange and value store. They traded them and speculated in them. The rare black tulip bulbs were as ... more...

7 Ways to Get to the Truth: When the Sale Disappears
Based on his most recent e-mail, "Everything looks good -- I'll get back to you so we can move this forward"--everything points to a probable sale. You feel so relaxed, happy, and hopeful. Then a couple of days go by with no phone call or e-mail. You tell yourself, "He's probably busy. I know he'll ... more...

A History of Money and Banking Secrets That Banks Don't Want Published
A History of Money and TradeTo start with a history of money and debt, we must go back many years ago when people used to trade their wares for the things they wanted and needed.In place of money or Federal Reserve Notes, you could trade a well made pistol for a cow, which you could eat or trade a ... more...

MLM Training- The Smartest People in the Room and Network Marketing
If you are in Network Marketing, You may have heard about it.There is a film out called "The Smartest Men in the Room." It is a documentary about the ENRON scandal. It is a jaw dropping expose about the ENRON deception and the house of cards they built.We can all learn something from this debacle. ... more...

Grants, Loans, "Free" Credit Cards And Credit Repair: The Whole Truth And Nothing But The Truth
You got creditors calling you everyday. You could lose the car or house. Your teetering on the edge financial ruin - then you see an ad that may safe your butt! Typical headlines say something like "Millionaire reveals Hidden Cash Sources, or help for people in debt up to their eyeballs!"HOW ... more...

Why Pastor Left the Church
On rare occasions, when a well-meaning Christian discovers that I prefer home churches to traditional denominational gatherings and am not affiliated with any particular group - although I'm asked to minister in many - it has happened that their discovery is met with a negative response, assuming I ... more...

The US Dollar Is Not Weak
In 2004, The USD Was Falling, But the Dollar Was Never Weak!Germany's long term economic policy has been to cultivate a permanent trade surplus by saving more, and consuming less. But there is another side to their trade surplus/high savings rate story. Growth in Germany is 1/3rd that in the US, ... more...

How to Spot and Avoid Predatory Lending
Predatory lenders promise loans that are "too good to be true" and pressure borrowers to take them on the spot. Here's a few things you or your family and friends should know about spotting and avoid predatory loans:How to Spot a Predatory Loan*Balloon payments.*High interest rates.*Monthly ... more...

What Homeowners Should Know to Stop Foreclosure- Speaking Your Lender's Language
Financial literacy is the means of empowering consumers to make informed financial decisions through exposure to accurate and timely information. In no other area is the void of accurate information more evident that in the area of foreclosure.The national foreclosure rate is at the highest level ... more...

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