Steering and targeting occurs when the lender manipulates a borrower into accepting a loan product that benefits the lender but is not the best loan for the borrower.
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Q1: Forbearance is an agreement between the lender
Q2: Mortgage loans are NOT contracts.
Q4: Most creditors require mortgage insurance if the
Q5: Home equity refers to the portion of
Q6: The Truth-in-Lending Act requires lenders to disclose
Q7: An escrow account is a borrower's bank
Q8: The payments on a fixed-rate mortgage remain
Q9: The borrower receives the proceeds of a
Q10: Predatory lending occurs when borrowers take advantage
Q11: The simplest mortgage loan is an adjustable-rate
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