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consumer mortgage

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
consumer mortgage

Usually a home mortgage loan, but sometimes also refers to mortgages on rental houses.



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One of the main reasons we are experiencing the financial disaster we are in right now is from investment banks and insurance companies investing in high risk consumer mortgages.
The FTC report, Improving Consumer Mortgage Disclosures: An Empirical Assessment of Current and Prototype Disclosure Forms, noted that despite a long history of mortgage cost disclosure requirements and many legislative and regulatory proposals, little empirical evidence exists to document the effect of the current disclosures on consumer understanding of mortgage costs, consumer mortgage shopping or consumer mortgage choice.
Consumer mortgage lender Greenlight Financial Services, based in Irvine, Calif.
 
 
 
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