Sentences with phrase «against borrower default»

The presence of a cosigner with a strong credit and income history is a safety net for the lender — with a cosigner, lenders have an extra layer of protection against borrower default.
Since 1934, the federal government has been insuring mortgages against borrower default.
Private mortgage insurance typically covers the top 20 % of a home loan against borrower default (failure to pay).
It was not to protect against borrower default risk but to boost yields and make returns more attractive to other financial institutions.
These include a federal guarantee against borrower default, special allowance payments and lender - paid origination fees.
The presence of a cosigner with a strong credit and income history is a safety net for the lender — with a cosigner, lenders have an extra layer of protection against borrower default.
It's also the promissory note that a lender enforces, sometimes in court, in order to collect against a borrower defaulting on a HELOC's required payments.
In addition, Fannie and Freddie have bought insurance against borrower defaults when the homebuyer lacks a 20 % deposit.
Just like the FHA, the Veterans Administration protected lenders against borrower default and insured mortgage loans made by private lenders to veterans.
Somewhat similar to the VA, the FHA insures mortgages against borrower default.
The federal government guarantees FFELP loans against borrower default and ensures that the lenders receive a market rate of return on the loans despite the lower interest rates paid by borrowers of education loans.
The lender gets extra protection against borrower default.
It can be next to impossible to acquire a traditional loan from a bank or credit union if there is no basis for qualification or protection against borrower default.
Somewhat similar to the VA, the FHA insures mortgages against borrower default.
The lender gets extra protection against borrower default.
a b c d e f g h i j k l m n o p q r s t u v w x y z