Mortgage Suitability

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Dictionary Says

Definition of 'Mortgage Suitability'

A standard to which mortgage lenders can adhere when directing consumers to a mortgage loan. Under such a standard, mortgage lenders would be held liable for steering consumers toward an unsuitable mortgage. While no federal suitability standard currently exists, lenders are vehemently opposed to such a standard because they argue that they cannot possibly collect and know all of the information required to make a decision for a consumer. 
Investopedia Says

Investopedia explains 'Mortgage Suitability'

Mortgage financial literacy is an alternative solution to setting suitability standards. The choice of a mortgage is a standard risk versus reward scenario, which is prevalent in most financial decisions. Informed and educated consumers can make effective mortgage decisions in the context of risk versus reward.
Search results for

'Mortgage Suitability'

  • Reduce Interest With An All-In-One Mortgage

    http://www.investopedia.com/articles/mortgages-real-estate/08/offset-mortgage.asp
    ... (For more insight on payment structure, read Understanding The Mortgage Payment
    Structure.) Suitability One of the main caveats of this type of loan is that ...

  • Series 7 Study Guide - Debt Securities - Collateralized Mortgage ...

    http://www.investopedia.com/exam-guide/series-7/debt-securities/collateralized-mortgage-obligation.asp
    ... Bonds; 4.7 Agency Bonds; 4.8 Treasury STRIPS; 4.9 Collateralized Mortgage Obligations
    (CMOs); ... 5.5 Determining Muni Suitability For Clients; 5.6 Long Term Munis; ...

  • Series 7 Study Guide - Municipal Securities - Determining Muni ...

    http://www.investopedia.com/exam-guide/series-7/municipal-securities/muni-suitability-clients.asp
    ... Bonds; 4.7 Agency Bonds; 4.8 Treasury STRIPS; 4.9 Collateralized Mortgage Obligations
    (CMOs); ... 5.5 Determining Muni Suitability For Clients; 5.6 Long Term Munis; ...

  • CFA Level 1 Study Guide - Fixed Income Investments - Mortgage ...

    http://www.investopedia.com/exam-guide/cfa-level-1/fixed-income-investments/mbs-mortgage-backed-securities.asp
    ... III-B: Fair Dealing; 1.12 Standard: III-C: Suitability; 1.13 Standard III-D ... 14.23
    Mortgage-Backed Securities (MBS); 14.24 Federal Issues; 14.25 Bondholder's Rights ...

  • CFA Level 1 Study Guide - Ethics and Standards - Standard: III-C ...

    http://www.investopedia.com/exam-guide/cfa-level-1/ethics-standards/standard-suitability.asp
    ... III-B: Fair Dealing; 1.12 Standard: III-C: Suitability; 1.13 Standard III-D ... 14.23
    Mortgage-Backed Securities (MBS); 14.24 Federal Issues; 14.25 Bondholder's Rights ...

  • Series 7 Study Guide - Debt Securities - Agency Bonds ...

    http://www.investopedia.com/exam-guide/series-7/debt-securities/agency-bonds.asp
    ... Bonds; 4.7 Agency Bonds; 4.8 Treasury STRIPS; 4.9 Collateralized Mortgage Obligations
    (CMOs); ... 5.5 Determining Muni Suitability For Clients; 5.6 Long Term Munis; ...

  • Brokers And Reviews Articles | Investopedia

    http://www.investopedia.com/articles/tags/brokers-and-reviews/
    ... Discover the differences between the Suitability and Fiduciary Standards when hiring
    a financial advisor. ... What The New Mortgage Lending Rules Really Mean. ...

  • Why do brokers ask for personal information before they make any ...

    http://www.investopedia.com/ask/answers/06/personalinfoandbrokers.asp
    ... The suitability requirement comes from the self-regulatory organizations (SRO) that
    regulate brokers ... Should I pay my mortgage with my credit card to earn credit ...

  • Series 65 Study Guide - Handling Client Funds - Restrictions on IA ...

    http://www.investopedia.com/exam-guide/series-65/handling-of-funds/investment-advisor-recommendations-restrictions.asp
    ... 8.8 Mortgage-Backed Securities - MBS; 8.9 Municipal Bonds. 9. Stocks and Mutual ... Uniform
    Securities Act requires IAs to determine the suitability of investment ...

  • Series 6 Study Guide - Investment Securities - Other Types of ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-securities/other-types-of-bonds.asp
    ... Passive; 10.6 Suitability Factors; 10.7 Investment Objectives; 10.8 FINRA Conduct ...
    CMOs. : CMOs, short for collateralized mortgage obligations, are mortgage-backed ...

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