Sentences with phrase «as a mortgage lender made»

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

Not exact matches

Instead of making monthly payments to the lender, as per a traditional mortgage, the lender makes payments to the borrower throughout their lifetime.

The acquisition initially made Bank of America the biggest home lender, but it has been shedding market share as it wrestles with delinquent loans and lawsuits related to mortgage - backed securities.

If you can't make payments on the mortgage, your lender has the right to keep or foreclose the property (this is what is known as a lien).

As with student loan refinancing, a mortgage lender will calculate your debt - to - income ratio to determine your ability to make monthly payments on the new mortgage.

The newest powerhouse in mortgage lending, Quicken Loans makes our list of recommended California home lenders as the best choice for a first - time home purchase.

As the buyer, you will be on the hook for the insurance premium but the lender will be the beneficiary should you fail to make your mortgage payments.

Mortgage Lender, Residential — Working on the loan side will give you huge insight into the math that makes investing work — as well as significant contacts to the big players in your area.

If you get a long - term mortgage, and your income goes down or your credit score falls, the mortgage lender doesn't care — as long as you make your monthly payment.

As a result, many lenders suggest prospective buyers determine a home's monthly mortgage payment before making a commitment.

Mortgage lenders see your credit score as an indicator of how likely you are to make timely payments and fulfill the terms of the mortgage loan you're reqMortgage lenders see your credit score as an indicator of how likely you are to make timely payments and fulfill the terms of the mortgage loan you're reqmortgage loan you're requesting.

Mortgage lenders are making new low - and no - downpayment loans available to today's home buyers; and purchase loan approval rates are markedly higher as compared to earlier this decade.

The resulting high level of interest rates in the wholesale money market, the main source of funds for lenders such as mortgage managers, made it difficult for potential new lenders to compete with banks, who had access to low - cost retail funding.

And, as with most online lenders, Guaranteed Rate allows each applicant to upload documents and communicate with professionals through an online interface that makes the mortgage process an on - demand experience.

Especially now, when economic downturn plays to your advantage, as lenders need to make money and mortgages are not as secure an investment as they used to be back years ago.

And, as with most online lenders, Guaranteed Rate allows each applicant to upload documents and communicate with professionals through an online interface that makes the mortgage process an on - demand experience.

With plenty of different mortgage types, it's unlikely that the bank won't have a solution that makes sense for you — even if its interest rate is about the same as at most other lenders.

Here's the story: According to the FTC, a group of companies and individuals doing business as HOPE Services told consumers facing foreclosure they could get help from legitimate, government - backed programs, like Making Home Affordable — but only after they made three monthly trial payments into a so - called mortgage lender's trust account.

QuinStreet Media, Inc. and its affiliated companies, including QuinStreet Properties, Inc., a California corporation, use GTL as the site of a virtual marketplace where interested consumers can be made aware of lenders and mortgage brokers who are seeking the opportunity to do business with people like them living in their area.

IMPORTANT DISCLOSURES: 1 A VA (Veterans Administration) guaranteed loan is a loan made by private lenders (such as banks, savings & loans, or mortgage companies) to eligible veterans.

QuinStreet Properties, Inc. and its affiliated companies use GTL as the site of a virtual marketplace where interested consumers can be made aware of lenders and mortgage brokers who are seeking the opportunity to do business with people like them living in their area.

As a HIP - qualified lender, you're the one who makes the bonus money and mortgage savings happen.

Home loans or mortgages for those with bad credit have no interest rate caps, the rate can go as high as the lender can get to make the risk worthwhile.

(a) In General — During the 12 - month period beginning on the date of enactment of this Act, the Secretary of Housing and Urban Development shall not enact, execute, or take any action to make effective the planned implementation of risk - based premiums, which are designed for mortgage lenders to offer borrowers an FHA - insured product that provides a range of mortgage insurance premium pricing, based on the risk that the insurance contract represents, as such planned implementation was set forth in the Notice published in the Federal Register on May 13, 2008 (Vol.

So it does not have to say foreclosure but if a lender sees «settled on account» or «short sale» or even «paid for less» then a future mortgage lender and underwriter view this as a home loan agreement you got into and then could not make the payments and had to give the rights back to the 1

Lenders are interested in making as large a profit as possible, so when considering a mortgage loan with bad credit, it is important to find out if they have added fees because of your low credit score.

A credit score of 680 - 700 used to be enough to get great loans and mortgage rates, as well as credit cards with low APRs, but since the Financial Crisis of 2008, many lenders have raised their expectations of consumers, making it hard to get good loans and credit extensions with a score under 720 - 730.

And unfortunately, taking someone's name off a joint mortgage isn't as simple as calling your lender and making a request.

If you can't make payments on the mortgage, your lender has the right to keep or foreclose the property (this is what is known as a lien).

As a result, pre-approvals end up making the mortgage business more expensive for the lender, who has to hedge this risk, only gets paid one - fifth of the time and yet still pays the administrative costs on the 80 % of pre-approvals that fall apart.

Even if a mortgage repayment isn't demanded, it can make refinancing your home impossible, as no lender will offer a mortgage that's worth more than the house.

Clearing existing debts through a consolidation loan can make a hugely positive impression, as well as ease the interest rate structure the lender is likely to charge on the mortgage loan.

If the homeowner defaults on the mortgage for any reason, the lender will be compensated for losses (as long as they have made the loan in accordance with HUD's guidelines).

From distinguished awards to making home lending history, RP Funding is consistently recognized as a top job creator and direct mortgage lender in Florida.

Mortgage lenders see your credit score as an indicator of how likely you are to make timely payments and fulfill the terms of the mortgage loan you're reqMortgage lenders see your credit score as an indicator of how likely you are to make timely payments and fulfill the terms of the mortgage loan you're reqmortgage loan you're requesting.

If a correspondent lender makes mortgage loans available from one source of funds, they may be functioning as the exclusive agent of the funding lender.

As with any mortgage, the best advice is to shop around and find a lender you're comfortable with and has rates that make you happy.

If you put down less than 20 percent on a conventional loan, also known as a conforming mortgage, your lender will probably ask that you get Private Mortgage Insurance (PMI) until you have made two years» worth of payments or your principal balance is reduced to 78 percent of its originalmortgage, your lender will probably ask that you get Private Mortgage Insurance (PMI) until you have made two years» worth of payments or your principal balance is reduced to 78 percent of its originalMortgage Insurance (PMI) until you have made two years» worth of payments or your principal balance is reduced to 78 percent of its original amount.

An account set up by a lender to which the borrower makes monthly payments for such obligations as real estate taxes, homeowners insurance, and private mortgage insurance.

A reverse mortgage is a loan made by a lender to a homeowner using the home as security or collateral.

If you make a downpayment of as little as five percent but less than 20 percent, the lender will require you to pay for private mortgage insurance.

The reason many lenders consider mortgages as responsible debt, is because it shows you're dedicated enough to take on a mortgage and make the payments.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

Primary Mortgage Market Lenders, such as savings and loan associations, commercial banks, and mortgage companies, who make mortgage loans directly to boMortgage Market Lenders, such as savings and loan associations, commercial banks, and mortgage companies, who make mortgage loans directly to bomortgage companies, who make mortgage loans directly to bomortgage loans directly to borrowers.

Reverse Annuity Mortgage (RAM) A form of mortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home as collateral for and repayment of tMortgage (RAM) A form of mortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home as collateral for and repayment of tmortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home as collateral for and repayment of the loan.

As such, a lender won't lend to you because they'll be afraid you can't make your mortgage payments.

As long as you make the payments on the solution you choose to use (either for the consolidated debt on a single credit card, or to pay of the outstanding loan balance) then there's no reason a lender would look at this negatively when you apply for a mortgagAs long as you make the payments on the solution you choose to use (either for the consolidated debt on a single credit card, or to pay of the outstanding loan balance) then there's no reason a lender would look at this negatively when you apply for a mortgagas you make the payments on the solution you choose to use (either for the consolidated debt on a single credit card, or to pay of the outstanding loan balance) then there's no reason a lender would look at this negatively when you apply for a mortgage.

Most lenders who use this mortgage insurance product make their requests through a provision known as «direct endorsement,» which authorizes them to consider applications without submitting paperwork to HUD.

As an insurer, the FHA provides a backstop to mortgage lenders who make loan which meet the agency's standards for insurance.