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Borrowers Should Be Able to Fire Mortgage Servicers
February 2, 2004 "I'm very unhappy with the lender servicing my mortgage, would you spell out the procedures for changing lenders?" Bad news, the only way to change the lender servicing your loan is by refinancing. Unless you have other reasons to refinance, ... more... Subordination Policy of Second Mortgage Lenders May 24, 1999 Most economists view mandatory disclosure as a reasonable way of making a market work better if the market is one in which one party to the transaction knows much less than the other. This is the rationale for the ... more... |
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poor credit refinance related definitions |
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Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... 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... |
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More about poor credit refinance Refinance Home Mortgage Loan with Poor Credit - 3 Tips on Getting Approved Poor Credit Home Mortgage Loans - Getting a Loan with a Low Credit Score How to Refinance a Home Loan with Poor Credit High Risk Mortgage Lenders - What Are Your Options? Bad Credit Home Financing - Finding the Lowest Rates on a Bad Credit Mortgage Home Loan and Home Loans Low Credit Score Mortgage Loans Poor Credit Home Equity Loan Tips - How to Find the Best Home Equity Loan Bad Credit Mortgage Refinance Loans: Focus on Compound Interest Mortgage Pitfalls You Need to Avoid
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