What Kind of Risks Do Mortgage Lenders Face?

Answer While borrowers of home loans face a number of risks--the foremost of which is being foreclosed upon due to underpayment--the lender also assumes a number of risks as well. These risks relate not j... Read More »

Top Q&A For: What Kind of Risks Do Mortgage Lenders Face

What Kind of Risks Affect a Mortgage Loan?

When a lender issues a loan to a borrower, both parties take on a certain amount of risk. For the lender, the primary risk is that the borrower will default on his payment, causing the lender to lo... Read More »

What are Fannie Mae mortgage lenders?

The Federal National Mortgage Association, often referred to as "Fannie Mae," is a government-sponsored stockholder-owned corporation founded by Congress in 1938 to purchase mortgages in the second... Read More »

What do lenders do when a mortgage payment is missed?

When you miss a mortgage payment, several things must happen before you are forced out of your home. There are many chances during this process to get up to speed on your mortgage, so that one miss... Read More »

What index do lenders base mortgage rates on?

Lenders use the Federal Reserve's prime rate to set mortgage rates and not an index. The prime rate is the interest rate that is set at the Federal Reserve's Open Market Committee meetings. From th... Read More »