Sentences with phrase «against the defaulting borrower»

Advising in relation to a worldwide freezing order in support of local proceedings against a defaulting borrower.

If the purchase money loan for any type of real property is financed by the seller and secured by that same property, the lender / seller may not obtain a deficiency judgment against the defaulting borrower / buyer..

Not exact matches

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

Private mortgage insurance (PMI) is a special type of insurance policy that is paid by the borrower and protects lenders against loss if a borrower defaults.

Private Mortgage Insurance (PMI) is a special type of insurance policy, provided by private insurers, to protect a lender against loss if a borrower defaults.

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.

The insurance protects the lender against losses resulting from borrower default.

The lender gets extra protection against borrower default.

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.

PMI is paid by mortgage borrowers, protecting mortgage lenders against default and foreclosure.

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

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

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.

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

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

Mortgage Insurance Premium Monthly payments made by a mortgage borrower to the Federal Housing Administration (FHA), or to a private lender for transmittal to the FHA, to protect against default on mortgage payments.

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

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.

These include a federal guarantee against borrower default, special allowance payments and lender - paid origination fees.

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.

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

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

The Federal Housing Administration ensures the mortgage lender against losses that may result from a borrower default.

For example, a government - backed loan in default can subject the borrower to an administrative wage garnishment (that is, a garnishment without the creditor first obtaining a court judgment) of 15 % of disposable income, and this would be in addition to any state law garnishment by another creditor (under New York law, of several creditors have judgments against a debtor, only one at a time can garnish 10 % of wages, but a government student loan can be imposed on top of a state law garnishment.A borrower can also lose tax refunds if in default on a government student loan.

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

MIP (Mortgage Insurance Premium) Insurance from FHA to the lender against incurring a loss on account of the borrower's default.

Unlike conventional home loans, FHA loans are government - backed, which protects lenders against defaults, making it possible to for them to offer prospective borrowers more competitive interest rates on traditionally more risky loans.

FHA loans are government - backed, which protect lenders against defaults, making it possible to offer prospective borrowers lower interest rates.

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

This is insurance that is required on certain loans, such as mortgages offered by the U.S. Federal Housing Administration (FHA), to protect the lender against the risk that the borrower will default.

Insurance that protects the lender against loss caused by a borrower's default on a mortgage loan.

Private mortgage insurance typically covers the top 20 % of a home loan against borrower default (failure to pay).

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

Private Mortgage Insurance (PMI) Mortgage insurance provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults.

If a property is sold as the result of a mortgage default, but the sale does not generate enough money to pay the outstanding balance and all associated costs, fees and interest, the insurer will pay the shortfall to the bank and will then have the right to enforce against each borrower personally for the deficiency.

Primary Mortgage Insurance is essentially to protect the lenders against defaults by the borrower.

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.

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.

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.

Annaly and American Capital Agency, for instance, invest in agency mortgage - backed securities, which come with an implicit guarantee against default — meaning if the borrowers stop paying, they are reimbursed for the difference.

With both upside potential and downside protection against future losses, the borrower rationally should wait before defaulting.»

PMI protects lenders against loss in case borrowers default on their loans.

The CMHC provides mortgage loan insurance to help protect lenders against mortgage default and enables home buyers to purchase homes with a minimum down payment of 5 %, and mortgage insurance is usually required for all mortgage applications whereby the borrower is putting less than 20 % down payment of the purchase price.

In addition, Fannie and Freddie have bought insurance against borrower defaults when the homebuyer lacks a 20 % deposit.

The CMHC being the primary insurer of mortgage loans tries to protect the lenders and the borrowers against default.