Foreclosure Forum |
|
Re: Need to consider the strictures of anti-predatory loan rules...In Reply to: Re: Need to consider the strictures of anti-predatory loan rules... posted by Irwin(CA) on March 21, 2004 at 2:25 PM
The federal anti-predatory lending rules prohibit the use of assets in considering ability to repay. Only income may be considered. Or if you prefer, it prohibits equity lending.
Follow Ups:
Post a Followup:
|
Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.
Copyright © 1997-2004, InnoVest Resource Management
http://www.foreclosureforum.com
InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455