Category: Informed Consent

The Moral Terrain of Mortgage Lending

| May 12, 2012 | 0 Comments

General ethics applies to everyone in all spheres of life; in contrast, professional ethics is usually memorialized by written code and is intended to apply only to those individuals who have been identified as professionals in their field.  For example, in the legal industry, both lawyers and paralegals are considered professionals and must abide by [...]

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Informed Consent for Mortgage Lending

| October 19, 2008 | 31 Comments

In Part 4, of a 6-part series, the Mortgage Professor states, as follows: “In sum, regardless of why borrowers refinance, the question of whether they receive a net benefit from it is for borrowers alone to answer. Loan providers do not have the information needed to second-guess them.” He goes on to say that “on the [...]

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