Sentences with phrase «defined for its mortgage interest»

Not exact matches

Loan or Debt Crowdfunding: Also known as peer - to - peer lending, individuals provide capital to businesses or individuals in exchange for interest payments and return of principal over a defined time period, similar to a mortgage or a car loan.

Mortgage Fraud is defined as the intentional misstatement, misrepresentation, or omission by an applicant or other interested parties, relied on by a lender or underwriter to provide funding for, to purchase, or to insure a mortgaMortgage Fraud is defined as the intentional misstatement, misrepresentation, or omission by an applicant or other interested parties, relied on by a lender or underwriter to provide funding for, to purchase, or to insure a mortgagemortgage loan.

«Subprime mortgage lending» is best defined as offering financing to an individual with poor credit, low income, limited documentation, or a combination of all those things, who generally wouldn't qualify for a mortgage at standard market interest rates or at all.

The CFPB rule defines a «qualified mortgage» that is presumed to meet the ability to repay requirements as one «for which the «creditor» underwrites the loan, taking into account the monthly payment for mortgage - related obligations, using: The maximum interest rate that may apply during the first five years after the date on which the first regular periodic payment will be due.»

For the third year in a row, our government has proposed a measure that would curb the value of the mortgage interest deduction, one of the oldest and simplest provisions in the tax code and an integral part of our government's commitment to home ownership as a defining characteristic of our country.

Hybrid Adjustable - Rate Mortgage Loans — For adjustable rate loans secured by a principal residence in which there was an introductory fixed rate period, otherwise defined as a «hybrid adjustable rate mortgage» under the Act, a six - month advance notice requirement was added to inform the consumer of the upcoming reset of the intereMortgage Loans — For adjustable rate loans secured by a principal residence in which there was an introductory fixed rate period, otherwise defined as a «hybrid adjustable rate mortgage» under the Act, a six - month advance notice requirement was added to inform the consumer of the upcoming reset of the interemortgage» under the Act, a six - month advance notice requirement was added to inform the consumer of the upcoming reset of the interest rate.

Although interest rates and new mortgage financing rules may impact future activity, until these possible issues before more defined, we expect the a bright future for Pemberton real estate throughout 2017.

An index of 100 is defined as the point where a median - income household has exactly enough income to qualify for the purchase of a median - priced existing single - family home, assuming a 20 percent down payment and 25 percent of gross income devoted to mortgage principal and interest payments.

A trade association representing the timeshare industry commented regarding the Bureau's proposed expansion of the scope of certain disclosure requirements added to TILA by title XIV of the Dodd - Frank Act for «residential mortgage loans» (which, as noted above, is defined in section 1401 of the Dodd - Frank Act to exclude an extension of credit secured by a consumer's interest in a timeshare plan) to apply to transactions secured by a consumer's interest in a timeshare plan.