The Quick Calculus of Sound Mortgage Lending; Calculating the Net Tangible Benefit of Every Loan for Every One of Your Borrowers is the Smart Way Forward for the Origination Business (Origination Strategies)
Mortgage Banking 2008, Sept, 68, 12
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Publisher Description
If you have been keeping up with the media and regulatory happenings regarding the mortgage industry, you may have heard a lot of talk about a concept referred to as net tangible benefit (NTB). Everyone is trying to figure out how to determine whether a loan is good or bad for a borrower. * As mortgage professionals, it is our primary responsibility to see that our clients receive a loan that truly benefits them in every way possible. This is paramount to everything we do. Had this responsibility been our primary focus in recent years, I believe many of the loans that are in foreclosure today would not be.
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