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  2. Why was my mortgage application denied? Common reasons ... - AOL

    www.aol.com/finance/why-mortgage-application...

    In most cases, a loan officer or mortgage broker will collect your information and submit it to an underwriting software system – Desktop Underwriter for a loan that will be sold to Fannie Mae ...

  3. Understanding the mortgage underwriting process - AOL

    www.aol.com/finance/understanding-mortgage...

    Mortgage underwriting is the process the lender uses to determine whether to approve your mortgage application. Before underwriting, a loan officer or mortgage broker collects credit and financial ...

  4. 10 Reasons My Mortgage Loan Was Rejected - AOL

    www.aol.com/10-reasons-mortgage-loan-rejected...

    A mortgage loan application can feel like an IRS audit: tons of paperwork and a thousand questions about your finances. Unfortunately, even when you think you've done everything right, you could be...

  5. Mortgage underwriting in the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_underwriting_in...

    Credit is what the underwriter uses to review how well a borrower manages his or her current and prior debts. Usually documented by a credit report from each of the three credit bureaus, Equifax, Transunion and Experian, the credit report provides information such as credit scores, the borrower's current and past information about credit cards, loans, collections, repossession and foreclosures ...

  6. Mortgage underwriting - Wikipedia

    en.wikipedia.org/wiki/Mortgage_underwriting

    To help the underwriter assess the quality of the loan, banks and lenders create guidelines and even computer models that analyze the various aspects of the mortgage and provide recommendations regarding the risks involved. However, it is always up to the underwriter to make the final decision on whether to approve or decline a loan.

  7. Government policies and the subprime mortgage crisis

    en.wikipedia.org/wiki/Government_policies_and...

    Krugman's analysis is also challenged by other analysis. After researching the default of commercial loans during the financial crisis, Xudong An and Anthony B. Sanders reported (in December 2010): "We find limited evidence that substantial deterioration in CMBS [commercial mortgage-backed securities] loan underwriting occurred prior to the ...

  8. How much does a 1% change in mortgage rates actually ... - AOL

    www.aol.com/finance/how-much-does-1-percent...

    If you borrowed $20,000 with a 60-month personal loan at a 9% interest rate, you’d repay roughly $24,900 — or $4,900 in interest over the life of your loan.

  9. Subprime mortgage crisis - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis

    The interest-only adjustable-rate mortgage (ARM) allowed the homeowner to pay only the interest (not principal) of the mortgage during an initial "teaser" period. Even looser was the "payment option" loan, in which the homeowner has the option to make monthly payments that do not even cover the interest for the first two- or three-year initial ...