The Business Letter Subprime Lending And Much More

The Business Letter Subprime Lending And Much More

Organizations also needs to review their prices structures to make sure that they just do not discriminate against people for a prohibited foundation, or based on the precise location of the home in breach of this Equal Credit chance Act (ECOA), the Fair Housing Act (FHA), or Massachusetts anti-discrimination and anti-redlining statutes, including G.L. C. 151B and c. 183, s. 64. The training of charging you overages (asking a greater rate of interest, origination cost, or quantity of points on that loan for several borrowers than is charged for the loan that is same to many other borrowers in identical period of time) is allowed unless the training violates the ECOA or FHA. Read more