by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Recourse Loan?How Does a Recourse Loan Work? What is a Recourse Loan?A Recourse Loan or recourse debt is a loan agreement that allows the lender to seize and sell the borrowers assets (beyond the collateral identified in the...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is Regulation C?How Does Regulation C Work? What is Regulation C?In the U.S., Regulation C implements the Home Mortgage Disclosure Act of 1975 that mandates certain financial institutions disclose mortgage data to the public. The...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is Redlining?How Does Racial Redlining Work? What is Redlining?Redlining is an unethical and unlawful discriminatory practice of systematic denial of services to a certain race or ethnic group. The term is used for describing a situation...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Home Equity Conversion Mortgage?How Does a Home Equity Conversion Mortgage Work?Eligibility Criteria for an HECM What is a Home Equity Conversion Mortgage?A home equity conversion mortgage (HECM), also known as a Reverse Annuity...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a House Price Index?How Does the House Price Index Work?House Price Index, Fannie Mae, and Freddie MacHouse Price Index and Other Economic Indicators What is a House Price Index?The House Price Index or HPI is a quarterly index that...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Housing and Economic Recovery Act?How Does the Housing and Economic Recovery Act Work? What is the Housing and Economic Recovery Act?The Housing and Economic Recovery Act (HERA) came into being as a countermeasure to recover the...
