Posts Tagged ‘mortgage prepayment penalties’

Mortgage Prepayment Penalties: Not The Beast You Perceive

Mike Rorty has been on something of a crusade to ban prepayment penalties on mortgages. Somehow he has concluded allowing banks to charge prepayment penalties leads them to make riskier loans. So I don’t misstate his argument, here is how it appears in his most recent post: Nope. One way to do it would be […]