Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Money Management > Loans > Mortgages > How do banking regulations affect sub prime mortgages?

How do banking regulations affect sub prime mortgages?

In: Mortgages [Edit categories]

Answer:

Sub prime or not all lenders and the types of loans they do held to the same state regulations. Now some lender said that they were exempt from the state regs due to federal chaters but most stiil stayed with in the state guides. Something specific? what state if so?

First answer by Mpowell1968. Last edit by Mpowell1968. Contributor trust: 13 [recommend contributor ]. Question popularity: 2 [recommend question].

[report abuse]

Can you answer these Mortgages questions?

	What is required for a extension on a escrow loan?	Answer it!
	Does mortgage insurance help you build equity faster?	Answer it!
	What is a mortgage broker?	Answer it!
	What is the usual standard applied to decide if you are loan worthy?	Answer it!
	Can a person paying mortgage on a property to a bank for 8 years claim adverse possession on that same property?	Answer it!

Relevant answers:

Can a mortgage become sub prime?
No. It begins life as a sub-prime mortgage.
What is a sub prime mortgage?
It is a mortgage that charges less interest than the market rate for a limited period of time. Many people borrowed more than they could afford because they were convinced they would be earning more...
What are the characteristics of a sub-prime mortgage or loan?
See: http://en.wikipedia.org/wiki/Subprime_lending I add the following. My experience is that banks or other loaning institutions would not ask about the person's job, income or other assets. This...
Who were the largest originators of sub-prime mortgages?
The following lenders are generally considered to be the lenders that originated the greatest number of sub-prime mortgages in their order of priority: HSBC Mortgage New Century Financial Corp....
What are the reasons for the sub-prime mortgage crisis?
The main reason is too much debt. In other words, the typical US consumer is now awash in debt brought about by the profilgate use of credit cards, coupled by the purchase of homes with little or no...

How do banking regulations affect sub prime mortgages?

Can you answer these Mortgages questions?

Relevant answers:

Related ads:

Home

Answer these

Featured guides

Site

Company

Community

Updates

International sites