Sentences with phrase «bank against its borrower»

As for the second part of the clause, the sole function of the words «to the extent of the amount of the outstanding loan (together with accrued interest payable thereon to the Funder by the Assured) due at the date of avoidance, repudiation or denial aforesaid» was to define the extent of indemnity by reference to the terms contained in the loan agreement accepted by the bank, whether or not that agreement was enforceable by the bank against the borrower.

Not exact matches

When Finance Minister Bill Morneau announced the latest changes to CMHC mortgage insurance last December, he also proposed forcing banks to hold more capital against mortgages in cities where property prices are high relative to borrowers» incomes — like Toronto and Vancouver.

The FHA mortgage program insurance mortgage lenders against loss, which allows banks to offer reduced rates to borrowers.

The United States on Wednesday sued JPMorgan Chase, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and...

And, in an effort to reverse decades of discrimination against blacks and Latinos, Mr. Cuomo pushed the government - sponsored banks, Fannie Mae and Freddie Mac, to buy more home loans taken out by poor and working - class borrowers.

The central banker also warned against taking comfort in statistics that show, on average, growth in Canadians» assets are vastly outpacing their debts, pointing to other countries whose banks made the «classic mistake» of lending based more on borrowers» assets than their liabilities.

Banks who have made mortgages in North Carolina are allowed to seek deficiency judgments against borrowers.

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.

And another one of the «Too Big To Fail» banks was slapped with a huge fine for discrimination against minority borrowers.

Bank of Canada Governor Mark Carney is actively seeking new ways to curb spiraling levels of household debt and is warning banks and borrowers alike against complacency amid historically low interest rates.

So really, banks don't just create claims on borrowers» future income, they create claims to real wealth in the here & now, all of which new claims compete against the existing claims of the current non-borrowing owners of said real property.

-- No agency, organization, institution, bank, credit union, corporation, or other lender who regularly extends, renews, or continues credit or provides insurance under this part shall exclude from receipt or deny the benefits of, or discriminate against any borrower or applicant in obtaining, such credit or insurance on the basis of race, national origin, religion, sex, marital status, age, or handicapped status.

The deteriorating population can be identified by segmenting those prime borrowers who have 14 % more recently opened trades and 65 % higher bank card utilization — among other things — when compared against all other behavior categories.

Indeed, if you fund Kiva loans with a US Bank Flexperks Travel Rewards card, all you have to pay for your revenue tickets is the time value of your money and the risk of your Kiva loans defaulting (which can be substantially mitigated against by carefully choosing your loans and diversifying your loans across borrowers and countries).

Media liberal pressure has prompted a stream of laws, regulations and directives to champion the criminal against the police, the child against the school, the patient against the hospital, the employee against the company, the soldier against the army, the borrower against the bank, the convict against the prison — there is a new case in the papers almost every day, and each victory is a small erosion of the efficiency and effectiveness of the institution.

Acting for a Russian bank in relation to proposed enforcement proceedings relating to an LCIA arbitration award against an individual borrower in Cyprus and other jurisdictions, including asset freezing relief.

Erste Group AG v Red October (with Richard Snowden QC and Richard Morgan QC): conspiracy claims brought by an Austrian bank against Russian state entities involving allegations that a corporate borrower was stripped of its assets and forced into insolvency to avoid its liabilities under a US$ 80 million loan facility.

However, the bank is entitled to take legal action against the borrower before any other competent court.

The claimant borrowers originally brought proceedings against the defendant bank based on misselling allegations in respect of various loans.

I also have never seen a state or federal chartered lending institution give a loan to an LLC with no PG's unless the borrower was or is HUGE financially IE have liquidity at 20 to 50 times the amount of money the LLC's borrowing... Its against the banks lending charters to make loans in this fashion at least in my experience..

I can see the headlines: «Bank X Discriminates Against Young Borrowers Since 80 Percent of All Applications Were Turned Down.»

Borrowers are starting to file lawsuits against their mortgage lenders and banks are not only finding themselves as defendants in courtrooms across the country, they are also finding judges more than happy to rule against them and in favor of home owners and home loan bBorrowers are starting to file lawsuits against their mortgage lenders and banks are not only finding themselves as defendants in courtrooms across the country, they are also finding judges more than happy to rule against them and in favor of home owners and home loan borrowersborrowers.

We are finding that Florida borrowers are shocked to learn that while they assumed that their approval letter for the short sale, or the deed - in - lieu - of - foreclosure deal, ended everything and that the bank had written off the mortgage balance, that all that really happened was that there was a release of the mortgage against the property, and there has been no legal release of the borrower from the debt.

However, these may be more beneficial in the long run for the borrower than an official foreclosure action because it has less of a long - term impact on their credit history (the bank may also waive any deficiency against the borrower).

A deficiency judgement is where the bank gets a judgement against you, the borrower, for the remaining funds owed to the bank on the loan amount after the foreclosure sale.

The Wall Street Journal is reporting that Bank of America is considering a deal with state and federal officials to reduce the amounts owed by some troubled borrowers in exchange for protection of future litigation against the bBank of America is considering a deal with state and federal officials to reduce the amounts owed by some troubled borrowers in exchange for protection of future litigation against the bankbank.