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:
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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- ...
- 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.
- 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., ...