by Ethan Atkinson | May 15, 2026 | F-J, PropertyPedia
The Home Ownership and Equity Protection Act (“HOEPA”) is a federal consumer protection law enacted in 1994 as an amendment to the Truth in Lending Act (“TILA”) to address abusive lending practices associated with certain high-cost mortgage loans. HOEPA establishes...
by Ethan Atkinson | May 15, 2026 | F-J, PropertyPedia
The Gramm-Leach-Bliley Act (“GLBA”), enacted in 1999, is a federal law that governs how financial institutions collect, protect, and share consumers’ nonpublic personal information. The law applies to a broad range of financial institutions, including banks, mortgage...
by Ethan Atkinson | May 15, 2026 | F-J, PropertyPedia
A “hard pull” (also called a hard inquiry) on a credit report occurs when a lender reviews a borrower’s credit history as part of a formal application for credit, such as a mortgage loan. In the mortgage context, the lender obtains the borrower’s credit report from...
by Ethan Atkinson | Apr 5, 2026 | F-J, PropertyPedia
In real estate and insurance, Insurable Value refers to the amount for which a property is insured against loss or damage. It typically includes the value of the improvements, such as buildings and structures, but excludes the value of the land and other components...
by Ethan Atkinson | Feb 6, 2026 | F-J, PropertyPedia
In real estate finance, negative amortization is a condition that occurs when the required loan payment is less than the interest accruing on the loan. As a result, unpaid interest is added to the principal balance rather than being fully paid each period. Even though...
by Ethan Atkinson | Feb 5, 2026 | F-J, PropertyPedia, Real Estate
In real estate finance, a Junior Mortgage is a mortgage that has a lower priority than a first mortgage on the same property. Because priority is usually determined by the order of recording, a junior mortgage is recorded after the first mortgage. In the event of...
