Kinds of loans for homes

    • [PDF File]Summary of Types of Single Family Mortgage Loans

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      The Home Ownership and Equity Protection Act (HOEPA) was enacted in 1994 as an amendment to the Truth in Lending Act (TILA) to address abusive practices in refinances and closed-end home equity loans with high interest rates or high fees. Since HOEPA’s enactment,

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    • [PDF File]Frequently Asked Questions About the New HMDA Data

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      expensive homes with smaller initial investments. ... new kinds of mortgages. OPERATIONS . ... MIC and who then seeks to insure individual conven­ tional loans it has originated, submits the loans for review by the MIC. If a loan is acceptable to the MIC, the insurance policy insuring the lender against ...

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    • [PDF File]The Secondary Market in Residential Mortgages

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      • Of 350,000 federally guaranteed new home loans made between 1946 and 1960 in Northern California, less than 100 went to black families. Of $120 billion in government-backed home loans nationally between 1934 and 1962, less that two percent went to non-white households. • In Seattle, the typical cost of emergency room visits for a

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    • 5 Types Of Mortgage Loans For Homebuyers | Bankrate.com

      Summary of Types of Single Family Mortgage Loans Type of Mortgage Loan Description First Mortgage Loan A single family mortgage loan which is secured by a lien in the form of a deed of trust, in accordance with Virginia practice, which is not subordinate to a lien for another mortgage loan.

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    • [PDF File]2013 Home Ownership and Equity Protection Act (HOEPA) …

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      Your lender will look at many of the same kinds of borrower qualifications for loans secured by condos as it does for loans secured by detached homes. It is critical for your lender to know that you can repay the loan without undue hardship to you or risk of default on your mortgage. But with condos there are a few more things to know.

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    • [PDF File]Condo Buyer’s Guide

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      Mar 31, 2005 · loans made in some rural areas may be relatively low. 5. When, and in what forms, are HMDA data made available to the public? March 31 is the earliest date that data from the previous calendar year are publicly available. That is the date by which …

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