Consumer Lending: Overview of Residential Mortgages and More
For many consumers, their residential first mortgage is the largest debt obligation. So, even if you are making other types of consumer loans, it is important to understand mortgages – how they work, typical structures, and their impact on the credit profile of your borrower. This program provides an overview of the entire mortgage process, including home equity lending. We’ll look at the business aspects of mortgages for banks, current trends in products offered, plus recent regulatory issues – most of which arose from the severe downturn in housing in 2008-2010.