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mortgage suitability

The widely held belief that, when mortgage lenders supply loans to a borrower that are unsuitable, the lender should be held responsible.

Related information about mortgage suitability:
  1. Mortgage Suitability Definition | Investopedia
    A standard to which mortgage lenders can adhere when directing consumers to a mortgage loan. Under such a standard, mortgage lenders would be held liable ...
     
  2. Mortgage Suitability - Mortgage Professor
    Mar 9, 2007 ... Consumer groups propose a loan suitability standard as a remedy for bad mortgage selection, unaffordable loans, no-benefit refinances, and ...
     
  3. The Evolution of a Suitability Standard in the - Alston & Bird LLP
    Mortgage suitability legislation has been rejected, however, in some states. For instance, in 2006 Ohio considered, but ultimately rejected, a proposal to impose ...
     
  4. What is mortgage suitability? - BusinessDictionary.com
    Definition of mortgage suitability: When advising consumers on a mortgage loan, lenders could be held accountable for steering these customers to unsuitable ...
     
  5. What is mortgage suitability? - InvestorWords.com
    Definition of mortgage suitability: The widely held belief that, when mortgage lenders supply loans to a borrower that are unsuitable, the lender should be held ...
     
  6. Reverse Mortgage Suitability - Points to Consider
    Reverse Mortgage Suitability -. Points to Consider. A Reverse Mortgage is a type of loan for homeowners 62 years of age or older who have consider- ...
     
  7. A Full-Court Press on Bad Loans, But Who Will Referee?
    Mar 17, 2007 ... The case for a mortgage suitability standard looks both simple and plausible, and it appears to have been making headway in Washington.
     
  8. Mortgage Suitability 6.06.doc (MORTGA~1.DOC;1)
    John Cleary 2006. When the American Dream Turns Into a Nightmare: A Suitability Standard Will Soon Govern the Mortgage Industry. By: John Cleary, Esq., ...