Everywhere you go, advocacy groups are urging stricter laws on non-conforming 2nd mortgages and home equity loans. Sub-prime mortgages are likely to be more costly than “A -paper” loans, but they are intended for borrowers who pose a greater risk to lenders. In most cases they are considered non-conforming because of the lack of credit [...]
Posts Tagged ‘Sub Prime Loans’
State Fee Limits for Second Mortgages in California
Posted by admin on January 14th, 2010
Posted in Article 
Tags: 2nd Mortgages, Advocacy Groups, Annual Percentage Rate, California Homeowners, Credit Card Debt, Debt Consol, Deed Of Trust, Fico Scores, Financial Decisions, Home Equity Loans, Loan Balance, Mortgage Interest Rates, New Laws, Percentage Points, Predatory Lending Laws, Second Mortgage, Second Mortgages, Sub Prime Loans, Sub Prime Mortgages, Treasury Securities 
No Comments »Second Mortgage Fee Restrictions in Maryland
Posted by admin on December 3rd, 2009
The past five years has witnessed the institutionalization of sub-prime lending, with the locus of sub-prime loans shifting from small, independent lenders to large mortgage subsidiaries of banks (particularly national banks). Investment banks and their affiliates increasingly are not only underwriting sub-prime securitizations but originating loans in sub-prime loan pools as well.Because sub-prime loans are [...]
Posted in Article Tags: Advocacy Organizations, Annual Percentage Rate, Fee Restrictions, Financial Officials, Fixed Rate Loans, Home Equity Loan, Independent Lenders, Institutionalization, Investment Banks, Loan Pools, Mass Exodus, Mortgage Broker, Mortgage Loans, National Banks, Purchase Loans, Second Mortgage, Securitizations, Sub Prime Lending, Sub Prime Loans, Vague Language No Comments »