Mortgage products explained
Reverse Mortgage Examination Guidelines - CSBS
Reverse mortgage loans are marketed to older consumers who may have more difficulty understanding the product and its implications. Reverse mortgage loans are heavily dependent on accurate real estate appraisals. Inaccurate real estate appraisals have been cited as a reason for the problems in the forward mortgage industry. Although reverse ...
[DOC File]CHAPTER 2
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Mortgage Reference--- If a mortgage debt does not appear on the credit report, the credit report does not have a 12-month history, or if no rating is available, obtain the most recent 12 month history and include the payment in the qualifying ratios. Rental Reference-- …
[DOC File]GLBA Checklist - AICPA
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Mortgage lender or broker; check casher; pay-day lender; credit counseling service; financial advisers; medical service providers with long-term payment plans that involve interest charges; tax planning and preparation services; auto dealers that lease or finance; collection agency services; relocation services that assist with financing or ...
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Offering a full range of mortgage products including VA, FHA, conventional and investment property loans, Square One is also a long-time partner with the City of McKinney affordable housing program offering down-payment assistance grants to qualified home buyers. ... Sara Thomas explained that the merger of Square One Mortgage and Independent ...
[DOC File]Ownit Mortgage Solutions of Agoura Hills, California ...
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The Alternative Mortgage Transaction Parity Act of 1982 authorized state-chartered lending institutions to offer alternative mortgage products, including those with variable interest rates and balloon payments, and is credited with increasing parity among state-and federally-chartered mortgage banks.
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Improved disclosure about the advantages, disadvantages, and relative costs of different mortgage products and features. Extensive and updated fair lending training for loan officers. Detailed reporting to the Attorney General’s office to ensure compliance with the agreement and track Countrywide’s progress in meeting its fair lending goals.
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