Sentences with phrase «against loan default»

FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, some health - related facilities, and multifamily properties.

FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, and multifamily properties, and some health - related facilities.

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.

It also protects lenders against loan default on mortgages for properties that include manufactured homes, single - family and multifamily properties, and some health - related facilities.

Also referred to as «Traditional Mortgage Insurance» BPMI is insurance issued by a private company that protects the lender against loan default.

Mortgage insurance, in general, describes an insurance policy which protects lenders against loan default.

Not exact matches

SBA - backed 7 (a) loans, which are geared to small businesses, come with a government guarantee to lenders of up to 85 percent against default.

Mortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgage loan.

This gave banks a guarantee against a portion of debt should the entrepreneur default on their loan.

In 2012, she dismissed a suit brought by Bank of America against troubled developer Kent Swig who had lost a fortune in the financial crisis, after Swig defaulted on $ 17.6 million in loans tied to his Upper East Side apartment.

Private mortgage insurance (PMI): Insurance against default issued by a private company on conventional mortgage loans.

Moreover, these leverage levels took the assessment of rating agencies and credit default swaps («insurance» against loan and other defaults) at their face value.

The report found loan consideration before the EFC is often given a «default vote» of yes unless there was «compelling argument against approving an application.»

Venditto also contends the town used those statements to defend against civil litigation after Singh defaulted on loans.

Washington — The percentage of students defaulting on their federally guaranteed college loans decreased slightly in fiscal 1988, according to new figures, but federal officials were hesitant to claim progress in the costly battle against defaults.

The schools will also have to disclose their student - loan default rates, another concern that Black college deans railed against in a March letter to CAEP in response to draft standards the accrediting body first circulated to their constituents.

In theory, a default on a payday loan could prompt a lender to file a civil claim against the borrower.

By insuring the loans against default, the FHA gives lenders the confidence to make more loans, so mortgages become available to a wider portion of the U.S. population.

• VA Funding Fee — A fee paid by a buyer or seller to insure the lender against loss through default on a VA loan.

If you default on the loan, the lender can file a lawsuit against the guarantor for the debt.

It protects lenders like Jersey Mortgage Company against losses if a loan is defaulted on, while giving more people access to home ownership.

In this type of foreclosure, when you default on a mortgage loan, the lender files a lawsuit against you.

When the loan against a home is greater than 80 % of the home's resale value, the lender is very likely to lose money in the event the borrower defaults on the mortgage.

If you default on private student loan debt, your lender has that ability to take action against you for breach of contract.

In fact, they have given personal loans to folks who have judgments against them, have defaults or are even in arrears.

Such loans carry guarantees for lenders against default by the federal government, along with lower interest rates than for conventional mortgages and low (or no) down payment requirements.

That is, a loan that has collateral behind it as a means to protect against default, such as a home equity loan, versus an unsecured loan that offers lenders little by way of guarantee.

• No private mortgage insurance: Since the VA backs these loans, there is no need for private mortgage insurance, which traditionally protects the lender against default.

Universities are being forced to litigate against their student loan borrowers as borrower default rates continue to rise.

They bet on a collapse in the mortgage market by buying what are called credit default swaps (CDS), a form of insurance against bad loans.

FHA mortgage insurance premiums (MIP) are payments made to the FHA to insure your loan against default.

The loan is guaranteed by the Department of Veterans Affairs to protect the lender against loss in the event of default.

Lenders report to credit bureaus to protect other lenders against people who often default on loans.

Mortgage loan insurance helps protects lenders against mortgage default, and enables consumers to purchase homes with as little as 5 % down payment — with interest rates comparable to those with a 20 % down payment.

Student loan lenders have particular protections against default as student loans are regularly non dischargeable unless the borrower can prove undue hardship.

This is to protect the lenders against possible default thereby making the loan less risky for them.

Though they require as little as 3.5 percent down, the FHA loans are also more expensive because they require borrowers to pay steep insurance payments to protect against a default.

Private mortgage insurance (PMI)-- Protects the lender against a loss if a borrower defaults on the loan.

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.

When a borrower is in default the loan becomes due in full immediately and the lender may pursue more aggressive collection techniques, such as sending the account to a collection agency or filing suit against the borrower.

Private mortgage insurance protects the lender against any loss in the event of default on the mortgage loan.

The primary di ffe rence between an unsecured and secured loan is the way the lender protects itself against a potential default.

Mortgage lenders want protection against a default on the loan.

Below, we will examine the impact of Donald Trump's recent actions against defaulted student loans, and how you could be affected by recent developments.

Although FHA doesn't directly lend money for mortgage loans, it guarantees its approved lenders against losses stemming from defaults on mortgages approved under FHA guidelines; its lending programs assist first time, credit challenged, and moderate income buyers.

This means that if the borrower defaults, they could lose their home or the value of the assets secured against the loan.

Insurance that protects lenders against losses caused by a borrower's default on a mortgage loan.

The exclusive Reps and Warranties coverage helps you better defend your company against the negative financial consequences of a possible loan default and the resulting repurchase request.

The primary risk for default on this type of loan is a lien being placed against your residence and being foreclosed upon as a result.

So, when you buy our insured products, you will enjoy greater peace of mind knowing that you're better managing third party risk and defending your business against the negative financial consequences of a possible loan default and the resulting repurchase request.