The 7 'dirty' words of mortgage lending
Can you guess what they are?
It's hard to resist this post on Forbes, because it starts by saying the mortgage business is filled with dirty words.
The author, Mark Greene, is a regular guest columnist who is sharing his experiences in the mortgage originations business.
Here is the reason he gives for putting together the list of 7 Dirty Mortgage Words.
"Words like foreclosure and terms like short sale have become commonplace in our everyday vernacular and as dreadful as they may be, there are others that strike fear in the hearts of mortgage industry people. My approach to mortgage originating, my model if you will, is ever evolving, in large part because I never want to see or hear dirty mortgage words and have to deal with the dreadful consequences they announce."
And here are those words mortgage lenders hate to hear:
For a full explanation of why Greene chose these 7 words, please click over to Forbes.
[Editor's Note: Yes, the list is old, but still relevant.]