Sentences with phrase «against insured borrowers»

Under the expanded moratorium, the FHA is instructing lenders and servicers to suspend all foreclosure actions against insured borrowers in these presidentially declared major disaster areas until May 18, the agency says in a release.

Not exact matches

While Canada boasts historically low default rates, there is still a strong culture of insuring against the risk of default from borrowers.

The government insures the lender against losses that might result from borrower default.

The Federal Housing Administration, which is part of HUD, insures lenders against losses relating to borrower default.

FHA, which insures mortgage lenders against losses on home mortgage loans, is tightening its lending requirements and changing down payment requirements for borrowers with credit scores below 580.

Since 1934, the federal government has been insuring mortgages against borrower default.

FHA insures its approved lenders against losses in much the same way by charging borrowers an up - front mortgage insurance premium (UFMIP) of up to 1.75 % of the mortgage amount at closing.

Private mortgage insurance (MI) enables these borrowers to qualify for a conventional loan by insuring the lender against potential losses in the event a borrower is not able to repay the loan and there is not sufficient equity in the home to cover the amount owed.

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

As mentioned earlier, the Federal Housing Administration insures mortgage loans against losses resulting from borrower default.

The Federal Housing Administration insures lenders against losses that may result from borrower default.

The agencies insure federal student loans against default and pay off lenders when borrowers default.

The agency insures lenders against losses due to a borrower's default.

If the terms of a mortgage loan contract requires a borrower to purchase both a homeowners» insurance policy and a separate hazard insurance policy to insure against loss resulting from hazards not covered under the borrower's homeowners» insurance policy, a servicer must disclose whether it is the borrower's homeowners» insurance policy or the separate hazard insurance policy for which it lacks evidence of coverage to comply with § 1024.37 (c)(2)(v).

Adding to the complexity is the need for both Fannie and Freddie to insure their portfolios against interest - rate risk — in particular, the danger that borrowers may pay back their loans early, if interest rates fall, leaving the companies with money to reinvest at a lower rate.

The government (through the FHA) insures these loans against losses that result from borrower default.

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

Though you take all the necessary measures to keep such defaults to the minimum through recovery mechanism, you need to insure your lent assets against non-payment by the borrower, on his / her death.

Many private low - down loan programs insist borrowers have good credit and also that they obtain private mortgage insurance, which is a small monthly insurance payment that insures the lender against default.

To insure the mortgage against default, the borrower must also pay an annual mortgage insurance premium.

The agency insures approved lenders against loss in the event of borrower default.

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.

The payment made by a borrower to the lender for transmittal to HUD to help defray the cost of the FHA mortgage insurance program and to provide a reserve fund to protect lenders against loss in insured mortgage transactions.

A mortgage on which the lender is insured against loss by the Federal Housing Administration, with the borrower paying the mortgage insurance premium.

Mortgage Insurance (MIP or PMI)-- Insurance purchased by the borrower to insure the lender or the government against loss should you default.

Private mortgage insurance, or PMI, insures the lender against a borrower's default.

Somewhat similar to the VA, the FHA insures mortgages against borrower default.

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.

The government insures the lender against losses that might result from borrower default.