Who is responsible for extra lenient lending practice a few years back?
Who’s decision was it which allowed the mortgage lenders to lend to anyone(even ex-felons) few years back?
Why did mortgage lenders practice predatory lending?
I thought in business school, you are taught an ethics class. Where were the business ethics?
The Collapse of the Mortgage Lending Industry
would the abolition of inter banks lending eradicate the typical financial crisis faced by rich countries?
The handing over of electronic account without the real cash being in place allows the banks to trade contracts such as insurance, and mortgage. If the bankers or lenders were to be regulated to such extent that the borrower were to be forwarded the loan only from the lender's own reserve than it would be such that 'no reserve, no lending, no crisis'.
Ethics and Mortgage Lending: What do you think is important?
If you had a chance to tell mortgage brokers, originators, lenders, and other professionals what you consider unethical, what would you tell them?
I am preparing a class on Ethics that will be offered to mortgage professionals throughout the country, and would like some additional input. We have the framework of the class, but I'd like to hear what ideas customers and other lending professionals might have that could be included.
Dangerous Debt Consolidation Loans
Now that the frenzy of refinancing has tapered off, many mortgage lenders have turned to alternate methods of marketing their services. Many banks have started pushing harder to sign up customers for home equity based debt consolidation loans.
On the surface, debt consolidation loans offer cash-strapped consumers some relief from high interest rates. Looking deeper, consumers should be wary of both the pros and cons of this fast growing practice.
Bad Credit Debt Consolidation Loans – Getting A Debt Consolidation Loan, Even With Poor Credit
An online debt consolidation loan allows even people with a poor credit to reduce their overall monthly payments and regain their financial footing. While there are personal loans that allow you to do this, tapping into your home’s equity is a better option.
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