Sentences with phrase «risky home loan products»
New mortgage lending standards were put into place this month by the Consumer Financial Protection Bureau to protect borrowers from the risky home loan products that contributed to the foreclosure crisis of the last decade.
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The VA allows this in order to allow you to move from a riskier home loan product to a less risky one.
Not exact matches
The expectation is that mortgage refinancing a Fannie Mae loan will put responsible borrowers in a better position by reducing their monthly principal and interest payments or moving them from a more risky home loan structure (such as interest - only or short - term ARM) to a more stable product.