Sentences with phrase «loan default occurs»

Loan default occurs when a borrower fails to pay back a debt according to the initial arrangement.

34 % of federal student loan defaults occur on loans less than $ 5,000 while only 18 % of students with more than $ 100,000 of student debt defaulted on their loans.

Not exact matches

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of credit.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of credit.

Most lenders allow borrowers to be late on one or two payments before serious consequences occur, but consistently paying loan bills late or missing multiple payments in a row can lead to default.

This occurred despite a threatened default by Argentina when it missed a loan repayment to the IMF on 9 September.

A «default,» in this context, occurs when a homeowner stops repaying a home loan obligation for some reason.

The TIFIA JPO was informed by Louisiana Transportation Authority that (i) the Project would not be able to meet the coverage ratios required under the Master Trust Indenture with respect to the senior lien bonds and the 2005 TIFIA Loan, and (ii) unless a restructure occurs, the Borrower will likely default on the senior bonds by 2018, and will default on the 2005 TIFIA Loan on December 1, 2013.

Unsecured loans have no collateral, however if default occurs the bank can take legal action in hopes to recoup the money.

Student loan default generally occurs after 270 days of nonpayment.

Literally, one may say that default occurs when a borrower is unable to pay his loan when due.

Similarly, a power of sale foreclosure can occur if you've defaulted on a home loan and have not responded to demands for payment over a specific period of time.

For federal student loans, default occurs at 270 days delinquent and has a negative effect on your credit score.

Mortgage servicing companies can remove defaulted loans from MBS, but in general, this can not occur until a mortgage loan is seriously delinquent.

Short sales usually occur before foreclosure, when a lender has determined that a borrower is in default and can neither make the payments nor sell the property for enough money to cover the loan balance.

VA loans are the safest loan option around, but defaults do occur.

However, it may also occur if you default on the loan terms.

Default occurs when a borrower fails to meet the obligations of the loan contract, including failure to make loan payments.

When you are repaying your loans on a monthly basis, default occurs when you fail to make a payment for 270 days on your loan, less than once a month, default occurs when you fail to make a payment for 330 days (this applies only to FFEL Program loans).

Most lenders allow borrowers to be late on one or two payments before serious consequences occur, but consistently paying loan bills late or missing multiple payments in a row can lead to default.

By having all the information of the loan constantly available to the borrower, it is far less likely that a default will occur on the loan; increasing the likelihood that the online title loan will be paid off in a timely fashion.

Most bankruptcy filers want to pay their student loans back in full and giving them priority status would allow Sallie Mae to avoid the huge debt default issues that occuring with Fannie Mae and Freddie Mac.

For FFEL and Direct Loans, default occurs if a borrower fails to make a payment for 270 days if the loan is repaid monthly.

Strategic default occurs when mortgage borrowers walk away from mortgage loans they are capable of paying.

Default occurs when you do not make payments on your student loans as scheduled according to the terms of your credit agreement or promissory note.

You will often need to wait three years if the default occurred on an FHA loan.

A «default» occurs when you can no longer make the payments on your mortgage loan.

As of fiscal year 2013 about $ 94 billion — over 11 percent of federal student loan volume in repayment — was in default, which generally occurs when a borrower fails to make a payment for more than 270 days.

Default on a Federal Family Education Loan Program (FFELP) loan occurs when you fail to make payments and your loan reaches 270 days of delinqueLoan Program (FFELP) loan occurs when you fail to make payments and your loan reaches 270 days of delinqueloan occurs when you fail to make payments and your loan reaches 270 days of delinqueloan reaches 270 days of delinquency.

These bidders will make long - term interest off the loan but could be in for losses if defaults start to occur.

Default: This occurs when a borrower fails to pay the interest or principal on a loan by the due date.

The most recent mortgage delinquency data suggested that defaults on subprime mortgage loans are occurring at measured pace than in recent months, good credit homeowners are beginning to show more and more delinquencies

Default occurs after a predetermined number of days of nonpayment that depends on the type of loan.

The government insures the lender against losses that occur when a borrower defaults on the loan.

It is in the best interests of all parties for a borrower to take immediate action to cure a loan default before repossession occurs.

And thus far a big chunk of defaults and delinquencies have occurred when adjustable - rate loans reset from low teaser rates.

It's true that when you start out with it you'll see returns of around 10 % or more, but inevitably your returns go down over time as defaults start to occur on your loans.

• FHA Loans are mortgages insured by the Federal Housing Commission (FHC), originating during the staggering amount of foreclosures and defaults that occurred in the 1930's when Depression Era struggles and abandoned homes were the norm across the United States.

Foreclosures occur when owners default on their loan payments.

Other investors believe loose underwriting and over-leveraged properties will soon lead to maturity defaults, essentially defaults that occur when a landlord can't refinance a property because it isn't worth the loan coming due or because a landlord can't come up with a slug of equity that lenders want.

««Meanwhile, we are beginning to see early signs that some post-recession loan vintages are defaulting at a slightly elevated rate, a sign that some loosening of lending standards has occurred in recent years.

In instances where a loan is part of a CMBS pool, for example, it's virtually impossible to discuss restructuring until a default has actually occurred.