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Lenders, for instance, will have to check borrowers' income and assets.
Some lenders, for instance, don't consider a home an investment property if it's rented out for only a season each year.
Lenders, for instance, are required to quote interest rates as annual percentage rates, making loans easy to compare.
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Woolson says interest rates at a major lender, for instance, are typically about 8% for borrowers, compared with the 6.5% and 7% rates Korean-Americans can get at the banks that cater to them.
The commercial lender CIT, for instance, wound up in bankruptcy last year months after it received a loan from investors to pay maturing bonds.
FHA loans from Anaheim nonbank lender Carrington Mortgage Services, for instance, have a delinquency rate of about 2.9%, while loans from Detroit nonbank giant QuickenLoans have a delinquency rate of just 0.4%.
For instance, lenders can hire their own appraisers if they "recognize" that complaints will be forwarded to regulators.
If the share of renters in a condominium complex is more than 30 percent, for instance, lenders will not offer a mortgage.
For instance, lenders will be prohibited from making more than two failed payment attempts without gaining additional consent.
Now that mortgage lenders are losing steam, for instance, look for Kovacevich to buy some cheap and then reap the benefits when housing comes back.
Many lenders or utility companies, for instance, will work with you to negotiate lower bill payments if you're in a bind.
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CEO of Professional Science Editing for Scientists @ prosciediting.com