Sentences with phrase «against borrowers who»

Technically it can't — Texas passed a law in 2012 specifically prohibiting lenders from filing criminal complaints against borrowers who can't pay back their loan.

While it's unconstitutional to be arrested for failing to pay a debt in the United States, lenders can still obtain judgments against borrowers who fail to pay with a loophole.

Not exact matches

This is a big win for student loan borrowers, who have been unfairly stopped from raising their claims against predatory schools due to the arbitration clauses that most for - profit schools slip into their student enrollment agreements.

But in its lawsuit against Navient, the CFPB alleged that borrowers who made prepayments on their loans were told they could skip upcoming payments.

Luckily for Missouri residents who have less than impressive credit history, lenders of title loans do not discriminate against borrowers with poor credit scores.

«This heightens the tension between borrowers who are already struggling to understand how they can best repay their student loans and student loan servicers who seem to be actively working against their best interests,» said Jay Fleischman, a lawyer specializing in resolving student loan debt issues.

Long Beach hard money loans aren't based on the trustworthiness of the borrower and we won't discriminate against anyone who has filed for bankruptcy or foreclosure.

But people who are against the laws say that yanking a borrower's license or certificate will essentially guarantee they won't be able to pay off their loans because they won't have the ability to earn a paycheck without their credentials.

Even those borrowers who have filed bankruptcy, have went through foreclosure, or have had judgments placed against them can borrow money through a payday loan.

The entire system is rigged against the borrower and those who earn «too much», as I did, will not even be able to deduct any of that big student loan interest bill on their taxes.

A wise borrower compares prices to get a good deal and to help you out we have a huge number of private lenders in our contact list who will compete against one another to give the best terms.

A significant number of borrowers who are in the midst of facing foreclosure proceedings have second mortgages leveraged against their homes.

Through insuring mortgage lenders against losses on home loans, the FHA assists with providing loans to borrowers who may not qualify for conventional mortgages.

The report represents the first survey of its kind, studying reverse mortgages for seniors from the perspective of borrowers and homeowners who had considered these loans, but ultimately decided against them.

That's not only because the borrower who has substantial skin in the game is unlikely to hand back the keys if finances get tough, but also because a large down payment protects the lender against sinking real estate values.

Borrowers who own property which has a lien against it may be forced to sell the property or asset to repay the monies owed to the lender.

Massachusetts Attorney General Maura Healey filed a lawsuit in August against the Pennsylvania Higher Education Assistance Agency (PHEAA)-- doing business as FedLoan Servicing — and claimed it violated state and federal laws by not discharging loans for borrowers who agreed to accept certain public sector jobs.

Banks who have made mortgages in North Carolina are allowed to seek deficiency judgments against borrowers.

While having long - term implications for the financial health of borrowers, a present concern for consumer advocates is that it is unclear what will happen to the CFPB's ongoing lawsuit against the large student loan servicer, Navient, who was sued under the previous CFPB directorship over findings it committed widespread fraud and abuse against student loan borrowers.

Now, with this «agency reorganization», it is a blow to the agency's structural ability to take action against student loan companies who engage in predatory practices against student loan borrowers.

By protecting the lender against loan default, FHA mortgage insurance encourages lenders to make loans to otherwise credit worthy borrowers who might not be able to meet underwriting requirements that are conventional.

In spite of the fact that interest continues to build up, the automatic stay provisions of the bankruptcy law prevent collectors from harassing, suing and getting judgments against the people who have put their name and credit on the line for a borrower's loan.

-- No agency, organization, institution, bank, credit union, corporation, or other lender who regularly extends, renews, or continues credit or provides insurance under this part shall exclude from receipt or deny the benefits of, or discriminate against any borrower or applicant in obtaining, such credit or insurance on the basis of race, national origin, religion, sex, marital status, age, or handicapped status.

The deteriorating population can be identified by segmenting those prime borrowers who have 14 % more recently opened trades and 65 % higher bank card utilization — among other things — when compared against all other behavior categories.

Borrowers may also have a negligence claim against the broker who arranged the loan, and any conveyancer who acted in connection with the mortgage.

This goes against the core of FHA's mission, to provide fair homeownership opportunities to worthy borrowers who are overlooked by conventional lenders.

High - ratio Mortgage - A mortgage that exceeds 75 percent of the loan - to - value ratio; must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender against default by the borrower who has less equity invested in the property.

Meanwhile, borrowers who take out fixed - rate insured mortgages of five years or longer have their income tested against the interest rate that they will actually be paying.

Before the crisis, mortgage insurers competed against second mortgage lenders for the business of borrowers who could not put 20 percent down.

Note that a loan provider who practices lock abuse will not post complete prices on its website, because that would enable a borrower whose price was being locked to compare the lock price against the current quoted price on the same transaction.