Sentences with phrase «as other borrower»

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The minimum credit score that is acceptable on a home loan after foreclosure is the same as any other borrower.

A co-borrower's obligation on a loan are the same as all other borrowers.

Not exact matches

Some observers predict that such borrowers will be forced to tap networks of small investors who lend through mortgage brokers, as well as mortgage investment corporations — in other words, the most remote corners of Canada's shadow banking sector, which accounts for 40 % of Canada's banking space.

Similarly, under the financial reform law enacted after the financial crisis, we publicly report in detail on our lending programs and securities purchases, including the identities of borrowers and counterparties, amounts lent or purchased, and other information, such as collateral accepted.

These types of loans also carry other risks, such as demand provisions under which a bank can arbitrarily demand repayment, as well as high default rates, putting borrowers in a difficult spot.

The second phase, known as «application and inducement,» requires the potential borrower to fill out an application packet that provides the agency with details of the project costs, the company's financial stability and other information that's traditionally passed between lender and borrower.

It is what makes possible the very popular 30 - year fixed - rate mortgage with a down payment that is manageable for a wide swath of creditworthy borrowers (20 %, with or without primary mortgage insurance for a conforming borrower), but also maintains other underwriting standards as well.

Because banks and other lenders shy away from borrowers with less than a 25 % down payment as higher - risk clients, mortgage insurance gives people with smaller down payments a better risk profile.

Like other high - cost lenders, the company touts its products as an option for borrowers who might not qualify for other sources of credit.

As much as two - thirds of online lending portfolios that have been sold to the market in recent months contain consolidation loans, Pratt says, which essentially are loans desperate borrowers take out to get out of other loan obligationAs much as two - thirds of online lending portfolios that have been sold to the market in recent months contain consolidation loans, Pratt says, which essentially are loans desperate borrowers take out to get out of other loan obligationas two - thirds of online lending portfolios that have been sold to the market in recent months contain consolidation loans, Pratt says, which essentially are loans desperate borrowers take out to get out of other loan obligations.

Depending on the borrower's credit and other factors such as business experience, rates can range between 12 and 18 percent.

Some borrowers have no credit history or were saddled with bad credit as a result of a divorce or other issue.

To further increase the possibility that all borrowers have a fair opportunity to request a foreclosure review, the Comptroller of the Currency and the Chairman of the Board of Governors of the Federal Reserve System should require that servicers include a range of potential remediation amounts or categories in communication materials and other outreach, such as direct mailings to borrowers, public service announcements, the independent foreclosure review website, regulators» websites, and officials» testimonies and speeches.

Lenders who specialize in first - time homebuying offer FHA loans or other programs with low down payment requirements, as well as loans to borrowers with lower credit scores.

This type of automatic payment is also good for borrowers because, among other things, it has the potential to help a small business eliminate cash flow lumpiness by making more frequent and smaller debits on a daily or weekly basis as opposed to requiring a large loan payment on a monthly basis — although that is not the only benefit to small business owners.

A number of operational features were required to implement such an overnight reverse repo, or ON RRP, facility: It would need same - day settlement; 16 the operation would need to be run predictably, every day, and as late in the day as possible, to give lenders time to bargain with other counterparties using the outside option of investing with the Federal Reserve; 17 an appropriate spread below IOR would be required to ensure that the facility neither induced large changes in the structure of money markets nor lost the ability to support interest rate control; 18 and the operations would need enough unused capacity that lenders could credibly propose to leave borrowers that did not offer an adequate interest rate.19

Among his other accomplishments, he led a group of 20 law firms that prosecuted cutting - edge class action cases against financial institutions, such as Countrywide, Wells Fargo, and JPMorgan Chase, concerning destructive negative amortization loans that unknowingly caused borrowers to assume tens of thousands of dollars of additional debt.

The goal of yield maintenance is to allow the conduit lender to reinvest the money returned from the borrower, plus a penalty fee, into bonds or other investments and receive the same cash flow as if the loan hadn't been paid off early.

For instance, the Income - Driven Repayment program sets aside a portion of a borrower's income during repayment, and others such as the Pell Grant program try providing alternatives to student loans

Unlike some other lenders, such as SoFi personal loans, who find you investors with their own money, Prosper charges fees to match investors with approved borrowers.

Your credit score reflects how reliable you are as a borrower, and is determined by your track record of borrowing and repaying banks, credit card companies and other lenders.

As a result, many business borrowers turn to other options, like an online small business loan, which offers many of the same conveniences and potentially at a lower premium than many MCAs.

First, governments seek the approval of financial markets because their approval will be critical in determining the cost of borrowing for the government, as well as for other borrowers in the economy.

Once borrowers enter default, they lose eligibility for many federal programs such as deferment and income - driven repayment plans, their credit scores take a hit, and their wages may be garnished - among many other unfavorable things.

Several million student loan borrowers have already taken advantage of other Income Driven Repayment programs that also limit monthly payments based on 10 - 20 % of a borrower's income, such as IBR and ICR.

Other factors to consider when comparing federal and private student loans include borrower benefits not offered by private lenders, such as access to income - driven repayment programs and the potential to qualify for loan forgiveness.

Some of the lenders surveyed said they would work with borrowers below these levels, if they had other «offsetting factors» such as a large down payment and / or very little debt.

As more small - business borrowers joined the formal economy, they began using other banking services such as checking and savings accounts, mortgages and other financial productAs more small - business borrowers joined the formal economy, they began using other banking services such as checking and savings accounts, mortgages and other financial productas checking and savings accounts, mortgages and other financial products.

As a self - employed borrower, you can probably expect some additional scrutiny in other areas as welAs a self - employed borrower, you can probably expect some additional scrutiny in other areas as welas well.

So it's important for borrowers, especially recent grads, to think about the best places to live — the cities in which they're not only likely to find a well - paying job, but also where rents and other living expenses aren't so exorbitant so as to add to their pile of debt.

This reflects borrowers switching from loan products with higher interest rates, such as traditional fixed - term personal loans, to products which attract lower rates of interest, such as home - equity lines of credit and other borrowing secured by residential property.

Borrowing rates will rise for governments, home buyers and other long - term borrowers, while savers will see more returns on conservative holdings such as savings accounts and it should become easier to fund pension savings.

All of this is problematic for investors and portfolio managers, even as it is advantageous for governments and other borrowers.

Look for European corporations as well as other international borrowers to issue euro - denominated debt as they seek to take advantage of the ECB's printing press.

Freddie Mac's 97 % financing product is open to repeat buyers, as long as the borrower does not have «any individual or joint ownership interest in any other residential properties» at the time of purchase.

This is even more accentuated by the fact that in a number of US states, there is no recourse for the lender to other assets of the borrower in the event of default (this is not the case in Australia, as discussed below).

As with other forms of debt, the margin and interest rate that a borrower receives on a variable rate loan are heavily dependent on credit score, lender and loan product.

The structure of the MBS may be known as «pass - through», where the interest and principal payments from the borrower or homebuyer pass through it to the MBS holder, or it may be more complex, made up of a pool of other MBSs.

Developed with the primary aim of assisting Nordic public sector borrowers, the signatories hope that it will prove useful also for issuers from the private sector and from other countries as well as for the investor community.

The credit - experienced borrower can add the other borrower to their accounts as an «authorized user.»

As with other debt obligations, defaulting on a student loan will send a borrower's credit score plummeting, from which it can take years to recover.

Borrowers can combine income with other occupants (such as roommates or family members) or non-occupants (such as a parent or other family member who will not live in the home) in order to qualify for the loan.

Borrowers can make a down payment as low as 3 % of the cost of the property, and they may use funds from other sources (including gifts, cash on hand, and down payment assistance programs) to make the down payment.

A piggyback loan — also known as a purchase money second mortgage — is when a borrower takes out two mortgage loans at the same time, one that's for 80 % of the home's value and the other to make up the 20 % down payment.

The borrower's stock holdings or other investments are used as collateral against the loan.

As I've explained more than once in this forum, this expression is merely economists» shorthand, serving to describe the process that begins with banks crediting borrowers» accounts with lent sums, is followed by the borrowers» drawing on their borrowed deposit credits by writing checks or otherwise transferring funds to various payees, and finally, other things equal, by a transfer of reserves from the lending bank to the payees» banks, for the sake of settling inter-bank dues.

Mortgage lenders must weigh the borrower's income and assets against (A) the expected mortgage payments; (B) other expenses relating to the mortgage, such as home insurance and property taxes; (C) payments for other loans associated with the property, such as a second mortgage; and (D) all other recurring debt obligations.

The collateral on a loan is the property or other business asset used as security in case the borrower doesn't fulfill the loan.

Discover also considers other factors, such as area of study and potential income, when determining whether a borrower is likely to be able to make payments in the future.