Sentences with phrase «standard lending practices»

Standard lending practices apply, where you can only borrow the book for a certain duration.

This standard lending practice means your credit will take a small and temporary ding when you apply for a Discover student loan even if you decide not to take it.

Not exact matches

The simple dynamics of supply and demand manifested themselves, and over time lending standards have loosened, and some of the troublesome practices of years ago, such as PIK toggles, have made a comeback.

In the process, lending standards have been progressively eroded so that lenders are now engaging in practices that would have been regarded as out of the question five or ten years ago.

As New Urbanists came to realize that existing zoning ordinances, street design manuals and housing industry practices were all impediments to making traditional towns and neighborhoods, they began developing new kinds of zoning ordinances; found sympathetic traffic engineers to help write a different set of street design standards; renewed the practice of creating high - quality pattern books to guide home - builders; and learned how to persuade lending institutions of the economic advantages of financing traditional neighborhoods.

Under sweeping new rules passed last week, the 18 - month - old federal agency moved to help protect consumers from the worst sorts of predatory lending practices and shoddy underwriting standards that helped cause a dramatic increase in mortgage delinquencies and consequently the country's recent foreclosure crisis.

The survivors changed their lending practices dramatically, raising standards on credit worthiness and ability to repay, and requiring better documentation.

Some argue that the strict Brunner Test should be reduced to a less strict standard since Brunner was decided at a time when private student loans were still eligible for discharge and there were many examples of predatory lending practices.

The survey responses are anonymous so everyone is encouraged to lend their opinion or practice standard.

Generated written correspondence to clients detailing and explaining findings while maintaining compliance with legal standards and lending practices.

«Although home sales are coming back without a federal stimulus, sales would be notably stronger if mortgage lending would return to the normal, safe standards that were in place a decade ago — before the loose lending practices that created the unprecedented boom and bust cycle,» Yun explained.

Commercial lending volume is bursting at the seams, the result of competitive, deal - savvy lenders willing to relax underwriting standards to get money out the door — a practice unheard of a year ago.

«Realtors ® support strong underwriting standards to protect consumers from the risky lending practices of the past, but we are concerned that the pendulum has swung too far.

«The new standards, which align with those applied to Qualified Mortgages, are stringent enough to protect consumers from unscrupulous lending practices while also creating new opportunities for private capital to reestablish itself as part of a robust and competitive mortgage market.

It addresses compensation - based incentives; inappropriate steering, discrimination, and other abusive, unfair, deceptive, or predatory practices; minimum federal lending standards; high - cost mortgages; mortgage servicing; and appraisals.

The Consumer Financial Protection Bureau's rules, which take effect on Jan. 10, establish a national standard for issuing mortgages and are meant to prevent the risky lending practices that led to the housing crash.

[53] In addition, the Dodd - Frank Act established other new standards concerning a wide range of mortgage lending practices, including compensation for mortgage originators [54] and mortgage servicing.