Sentences with phrase «against the risk of default»

This program provides mortgage insurance to protect lenders against the risk of default on mortgages to qualified buyers.
This is in contrast to Private mortgage insurance, which is meant to protect the lender against the risk of default on the part of the borrower.
With a secured card, the cardholder must first pay a security deposit that protects the bank against the risk of default.
While Canada boasts historically low default rates, there is still a strong culture of insuring against the risk of default from borrowers.
To help guard against the risk of default, some disability income insurance providers offer an optional student loan rider to help young professionals make their loan payments for a fixed number of years (often 10 or 15 years) in the event they should become temporarily disabled.
FHA insures private lenders against the risk of default for up to ninety percent of any single loan.
In order to hedge against the risk of defaults, banks frequently lay credit risk off by entering «credit default swaps» with other banks or insurance companies.
Section 223 (e) helps to meet the need for adequate housing for moderate and low income families by insuring lenders against the risk of default on mortgage loans to finance the rehabilitation, purchase, or construction of housing in declining, older, but still viable urban areas where requirements for other mortgage insurance can't be met.
Lenders, after all, want to protect themselves against the risk of defaults.
Since 1969, HUD has been providing loan insurance on manufactured homes under Title I. HUD's participation has encouraged mortgage lenders to finance manufactured homes by protecting them against the risk of default, which had traditionally been financed as personal property through short - term, comparatively high - interest consumer installment loans.
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