Goldman Sachs agrees to pay $3.15B in FHFA suit

Goldman Sachs agrees to pay $3.15B in FHFA suit

Settlement will resolve RMBS claims

It's settled: Principal reduction is smart policy

How the BofA settlement opened the door

Pavaso CEO: CFPB eClosing mortgage pilot “historic event”

Makes buying a home easier for all Americans
W S
Lending

The 7 'dirty' words of mortgage lending

Can you guess what they are?

chicago building
/ Print / Reprints /
| Share More
/ Text Size+

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:

1. adverse

2. suspend

3. conditions

4. turnaround

5. refer

6. ineligible

7. buyback

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.]

Recent Articles by Jacob Gaffney

Comments powered by Disqus