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What Is an Upfront Mortgage Lender?
July 8, 2003 Since I began fielding questions about mortgages in 1998, I have been frustrated by my inability to answer one question in particular, which gets thrown at me all the time. The question is "Can I trust [name of mortgage lender]?" A variant is ... more... Fixing the Mortgage System So It Works For Borrowers September 5, 2005 In some respects, the United States housing finance system is the best in the world. In other respects, it is unworthy of a banana republic. Our housing finance system has a primary market and a secondary market. The primary market is the market the borrower ... more... |
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credit information line of first time home loan related definitions |
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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... Credit Report Credit Report A report documenting the credit history and current status of a borrower's credit standing, detailing a borrowers credit history including payment history on revolving accounts (eg. credit cards) and installment ... more... |
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More about credit information line of first time home loan
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