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This is from Consumer ComplianceHandbook Division of Consumer and Community Affairs''Accommodation loan''-There are many legitimate reasons that may make a transaction appealing to a lender apart from the familiar qualifications demanded by the secondary market and insurers. For example, a customer may be an employee of an important business customer, related to or referred by an important customer, or a political or entertainment figure who would bring prestige to the institution. It is not illegal discrimination to make a loan to an otherwise unqualified control group applicant who has such attributes, while denying a loan to an otherwise similar prohibited-basis applicant who does not. However, be skeptical when the lender cites reasons for ''accommodations'' that an ordinary prudent lender would not value
What else can I help you with?
Can student accommodation be paid on a student loan?
Hi..... There is casaswap providing free international housing network, where you can rent, sublet & swap accommodation. http://www.casaswap.com/
When was Chicago Community Loan Fund created?
Chicago Community Loan Fund was created in 1991.
What is an recd loan?
Rural Economic and Community Development ..usually called Rural Development Loan
What is an accomodation mortgagor?
An accommodation mortgagor is a party that agrees to take on a mortgage obligation to assist another party, typically a borrower, in obtaining financing. This arrangement often involves the accommodation mortgagor using their creditworthiness or property as collateral to support the primary borrower's loan application. While the accommodation mortgagor is responsible for the mortgage, the primary borrower is typically the one benefiting from the funds. This type of arrangement is common in situations where the primary borrower may not qualify for a loan on their own.
How is student accommodation important to their learning?
It allows those learners to be sited near to their learning facilities, allow for community development
If your wife takes out a student loan are you responsible for that loan in any way?
Probably, especially if you live in a community property state.
What is an accommodation mortgagor?
An accommodation mortgagor is a person or entity that provides a mortgage to support the financing of a property, typically for someone else, without intending to occupy or invest in the property themselves. This arrangement often occurs in situations where the primary borrower may not qualify for a mortgage independently. The accommodation mortgagor essentially acts as a guarantor, helping to facilitate the loan process while taking on the associated risks.
What is the synonym and antonym of accommodation?
A synonym for accommodation is complying. An antonym for accommodation is disagreement.
If property acquired after marriage in a community property state considered to be community property if a loan is taken against the property.?
Yes.Yes.Yes.Yes.
What is the suffix for accommodation?
The suffix for accommodation is "ion".
Can you put the word 'accommodation' in a sentence?
Your accommodation has been confirmed. NB: correct spelling is "accommodation".
What is an accommodation mortgagee?
An accommodation mortgagee is a lender who provides a mortgage loan to a borrower primarily to help that borrower secure financing, rather than for the lender's own profit motive. This arrangement often occurs in transactions involving family members or friends, where the mortgagee may not have a vested interest in the property but is willing to assist the borrower. The accommodation mortgagee typically does not engage in standard lending practices and may offer more flexible terms.
