Sentences with phrase «bank lenders failed»

A last - ditch effort to secure a deal with the U.K. government and the company's bank lenders failed over the weekend.

Not exact matches

If the bank were to fail, it could have major consequences for not only Trump's businesses, which would lose their sole remaining lender, but for the global economy as well.

Over the past two years most of the worst lenders that were under pricing failed and the «shadow banking system» (e.g., CDOs) dissipated.

European stocks finished with gains on Monday, helped by Italian banks after that country's government stepped in to shut down two failed lenders, and as Nestlé SA rallied after a hedge fund snapped up a big stake in the consumer - products giant.

There's more evidence of pain: The central bank has closed 300 failing lenders — many of them small — in recent years.

In his lawsuit Ganis charges that LeFevre and Kokusai Green caused his company, Tampa Coliseum Inc. (TCI), to lose a $ 60 million financing pledge for the Ice Palace project because they failed to provide routine information to his lender, Fuji Bank.

People who fail the bank assessment have to pay upfront fees to the lender, broker, or both.

Nevertheless, the bank failed to match the best available rates online, overshooting direct lender rates by nearly 30 basis points on fixed rate mortgages.

It is very important to note that if you fail to repay this type of loan promptly as agreed, the lender or the bank has the right to posses the security you pledged and is allowed to sell it to pay back the loan you took.

By negotiating with private lenders, mortgage brokers are able to find appropriate loans for people who failed the bank's approval process.

If a borrower fails to meet the underwriting requirements of traditional banks and lending institutions out there, they must resort to using a subprime lender who in turn will offer a higher interest rate in exchange for elevated risk.

The only difference with banks is that private lenders charge high interests to make sure they get as much money back as possible before a borrower fails to pay.

Some 4,000 banks and other lenders ultimately failed.

Private mortgage lenders in Brant, have far less government oversight, which makes it possible for them to service mortgages where banks have failed.

Real creditors (i.e. a bank or finance company) have legal contracts with the borrower granting the lender the right to claim any of the debtor's real assets (e.g. real estate or car) if he or she fails to pay back the loan.

Those small businesses that have a low credit score are seen as bad or poor credit business.This means that you have failed to repay off your debts in the past.If you thus apply for loans through traditional methods like banks or institutional lenders then there are high chances that your loan will not be approved because of your bad credit.

Because market liquidity sometimes fails (i.e., bank runs), we still need a lender of last resort.

Without credit history, banks and lenders usually require a co-signer (someone with good credit history) to take on the burden of the loan if the client fails to pay or collateral, such as a car to be repossessed to cover the amount of the loan if it goes unpaid.

HOME CAPITAL GROUP INC., $ 13.89, Toronto symbol HCG, is a mortgage lender serving borrowers who fail to meet the stricter standards of Canada's big banks and other larger, traditional lenders.

Such an attempt has just failed in the High Court which had taken a transfer of one of the Chester cornucopia of consumer credit cases (see NLJ 26 June 2009 p 923)-- the test case of McGaffick v Royal Bank of Scotland plc [2009] EWHC 2386, [2009] All ER (D) 71 Oct in which the lender had told the consumer that the existence of information on his default at the agencies might impair his ability to obtain credit or other financial facilities such as current accounts for a period of up to six years.

The seller of the loan was a bank that had taken over the original failed lender...

on Florida Foreclosure Defense: California's Jackmon Case — Suing Bank for Failed Modification Agreement — Claiming the Lender Breached a Contract After Deal Was Made to Lower Mortgage Payments

In today's economic environment of failing banks, dubious lenders, volatile markets and shrinking 401 (k) s, many people are left wondering how they're going to invest for both short - term and long - term needs.

Foreclosure — the legal process by which a bank or lender sells a property after a borrower fails to meet the repayment terms of the loan.

Comments Off on Florida Foreclosure Defense: California's Jackmon Case — Suing Bank for Failed Modification Agreement — Claiming the Lender Breached a Contract After Deal Was Made to Lower Mortgage Payments Tags: Bank of America Foreclosures, BofA Foreclosures, Broward Real Estate, Florida Real Estate Foreclosures, Foreclosure defense attorney, foreclosure defenses, Foreclosure Fraud, Foreclosure Help, Foreclosure Settlement, Short Sale Counseling, Short Sales, strategic default, Underwater Mortgage, Wrongful Foreclosure

This Orchard Ranch property's line of credit had matured and the borrower was facing an impending NOD due to several failed refinance attempts at major banks and an impatient creditor that would not renew the line — all because the institutional lenders were singularly focused on deriving income from tax returns.

While the return of private lenders is necessary for a healthy market, having only private capital as the sole source of housing finance could severely restrict mortgage capital and result in a system that is dominated by a few large banks that are «too - big - to - fail» at the expense of consumers.