TITLE

Clients deserve better from lenders

AUTHOR(S)
Anker, Guy
PUB. DATE
January 2008
SOURCE
Mortgage Strategy;1/7/2008, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the author's view concerning the welfare of the clients in mortgage industry. He states that these moneylenders are making the lives of their clients more difficult, He also include that in every lending transactions, there is a practice of charging the borrowers more than the amounts stated in their contracts and keeping the hidden charges. He also emphasizes the transparency of lenders for their clients' sake.
ACCESSION #
28387268

 

Related Articles

  • Taking the fear out of MMR. Chamberlain, Geraint // Mortgage Finance Gazette;May2013, p25 

    The article presents information on the mortgage market review (MMR) which is a market overview of the mortgage loan servicing industry in Great Britain. The Financial Services Authority in Great Britain has released the MMR which provides insights into the way of operation of creditors and...

  • Prime guidance. Johnson, Julie // Mortgage Strategy;4/16/2007, p54 

    The article provides information about the prime mortgage market in Great Britain, and the techniques used by lenders to sell their products. It is stressed that prime mortgages comprise the business cornerstone of most high street lenders. Prime mortgage is also considered as the most...

  • HIP changes make little sense. Paterson, Kevin // Mortgage Strategy;4/9/2007, p59 

    The author reflects on developments in the mortgage market in Great Britain. He argues that the changes made in the Home Information Packs, which is set to be introduced to the market on June 1, 2007, is making it looks like an additional tax. Meanwhile, he relates that the desperation of...

  • Improving the Odds: Making Workouts Work. Baker, Clayton // Mortgage Servicing News;May2009, Vol. 13 Issue 4, p4 

    In this article the author discusses the status of mortgage loan workout and modification programs in the U.S. It asserts that mortgage lenders and servicers need more effective methods for working consistently with tens of millions of borrowers in trouble. It emphasizes that lenders need to...

  • Risks of Lending and Liability of Lenders. Raffer, Kunibert // Ethics & International Affairs (Wiley-Blackwell);2007, Vol. 21 Issue 1, p85 

    Risk and liability change the initially stipulated terms of contracts, overruling their otherwise binding nature. Risk encourages careful assessment of debtors� abilities to service debts. Errors and negligence in assessment, and even external shocks, make creditors suffer losses....

  • Helping clients through the fees maze. Gallagher, Rosemary // Mortgage Strategy;3/12/2007, p40 

    The author discusses the importance of brokers when it comes to helping consumers engage in lending activity. She claims that brokers are in the best position to guide their clients and suggests that they must be sure that consumers will not be overcharged by the lenders. By doing this, the...

  • Filling the Correspondent Gap. AYDELOTTE, DEBORA // Mortgage Banking;Nov2012, Vol. 73 Issue 2, p36 

    The article focuses on the developments in the money-lending industry in the U.S. It is stated that a commoditization of sorts with a finite number of products purchased primarily by the government-sponsored enterprises (CSEs) has been undergone by the mortgage industry. It is noted that...

  • Suitability Safe Harbor. Sichelman, Lew // National Mortgage News;12/10/2007, Vol. 32 Issue 11, p1 

    The article reports on the suitability standards for the lenders of mortgage industry in North Carolina. Accordingly, the mortgage business does not want to adopt the suitability standards. On the other hand, under commissioner, Joseph Smith has planned for the lenders a liability relief for the...

  • Servicing's on Sale…. Abufaris, Ed // Mortgage Banking;Jul2012, Vol. 72 Issue 10, p14 

    The article looks at the significant value of loan servicing, which has been determined on the underlying fundamentals of a loan, on the success of a mortgage lender. It is inferred that a lender should always have options available to adjust to changing market conditions including having a...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics