A mortgage on a property with a secured loan has this type of interest rate.
Category: M
MORTGAGE REDEMPTION INSURANCE
MORTGAGE RISK
MORTGAGE SECOND
MORTGAGE SECURITIZER
MORTGAGE SUITABILITY
Lender accountability in advising consumers on a mortgage loan. Holds lenders accountable for steering a customer to unsuitable mortgage types. Lenders are very opposed to any standard. They state that it is impossible to know everything possible about a consumer prior to issuing a loan. There is no federal suitability in existences at this time.