Tag Archives: institutions

Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms?

Posted on November 14, 2011 by Admin

Question by sweet: Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms?
“Imagine you want to arrange a mortgage on your first house purchase. You need $ 200,000.00 Find the best rates and terms available from three different type of lenders such as a mortgage broker a major bank and a banking company such as president choice. Describe the advantages and disadvantages of each and choose the best one.”

Best answer:

Answer by Rico
It’s not that simple. First you have to decide what type of mortgage, how much you want to put for a down payment, how many points and what your long term goals are.

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United Foreclosure Attorney Network (UFAN) Represents Homeowners in Litigation Against Major Financial Institutions

Posted on April 10, 2011 by Admin


Roseville, California (PRWEB) October 31, 2011

United Foreclosure Attorney Network, (UFAN) is a Roseville, California based law firm that is dedicated to, among other things, fighting for the rights of American homeowners who may have been victims of predatory lending, negligent lending practices or wrongful foreclosure by their lenders.

UFAN has recently filed lawsuits against Bank of America (case # 34-2011-00109314), Wells Fargo (case # 34-2011-00110146) and Aurora (case # 34-2011-00112919) in Superior Court in Sacramento, and against JP Morgan Chase (case # C-11-02390) in Superior Court in Martinez.

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Q&A: Do lending institutions in the US really give higher mortgage rates based on the race of the applicants?

Posted on January 21, 2011 by Admin

Question by Dog: Do lending institutions in the US really give higher mortgage rates based on the race of the applicants?

http://news.yahoo.com/s/nm/20080407/us_nm/usa_banks_lending_dc

I don’t doubt that more sub prime loans went to minority applicants, but isn’t it based on their credit and finances?

I’ve financed 2 homes over the last 5 years and I don’t recall being asked about my race or ethnicity. How would my lenders even know that I’m 1/2 Native American (both my loans are conventional by the way- no subprime or ARM junk)?
Both transactions were done through a broker (not the lender). Like I said, I sure don’t remember being asked about my race. I guess I could’ve been asked to check a box and just don’t recall.

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