Mortgages

Question 1

4 characteristics that cause loans to be unfair?

Answer 1

1) ARM (Adjustable Rate Mortgages) with 3 year or more intro rate
2) Intro Rate at 3% or higher index rate
3) Poor debt to income ratio
4) Loan to value ratio was at or near 100%.

Question 2

What constitutes as unfair treatment from a loaner?

Answer 2

Unsafe and unfair conduct insofar as it leads to an injury.