Mortgage Commitments and Interest Rate "Lock-Ins" : What Is the Problem.
Describes practices and procedures, known as "commitments," which allow lenders to specify certain terms and conditions for mortgage loans, and explains their limitations and potential pitfalls. Summarizes proposals to protect would-be borrowers from losing their specified terms and "...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified],
1987.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Describes practices and procedures, known as "commitments," which allow lenders to specify certain terms and conditions for mortgage loans, and explains their limitations and potential pitfalls. Summarizes proposals to protect would-be borrowers from losing their specified terms and "locked-in" interest rates, resulting in higher finance charges, higher monthly payments, or even loss of financing altogether. |
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| Item Description: | Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource. |
| Physical Description: | 1 online resource. |