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Chapter 13
Ethics in the MortgageLending Profession
Mortgage Lending P&P 3
rd
Edition/Updated Nov. 6, 2009
 
Chapter 13: Ethics in the Mortgage Lending Profession
2
Overview
Chapter 13 discusses
:
•Ethics and the purpose of codes of ethic•Various anti-discrimination laws•Various federal laws and the disclosureobligations they impose•Indicators of mortgage fraud•Participants and their roles in mortgage fraudschemes•Predatory lending practices
Mortgage Lending P&P 3
rd
Edition/Updated Nov. 6, 2009
 
Chapter 13: Ethics in the Mortgage Lending Profession
3
Key Terms
•
Flipping
•
Fraud
•
Negligence
•
Predatory Lending
•
Redlining
•
Straw Buyer 
Mortgage Lending P&P 3
rd
Edition/Updated Nov. 6, 2009
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