Homeowner Education

The latest news, tips, and tricks for homeowners

Secondary Mortgage Market

Mortgage originators sell home mortgage loans to investors on the secondary mortgage market. Loan aggregators buy mortgage loans from originators, bundle them together into mortgage-backed

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Sallie Mae

Sallie Mae is a financial services company for college students and their families. Originally founded as the Student Loan Marketing Association, Sallie Mae began as

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Rescission

Rescission is the act of canceling a contract and returning both parties to the status they held before they entered the agreement. The right of

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Refinance

Refinance, also called refinancing or refi, is the process by which one loan is replaced by another loan, in most cases with more favorable terms.

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Regulation Z

Regulation Z is part of the Truth in Lending Act of 1968. The legislation is designed to protect consumers against misleading lending practices.

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