Sentences with phrase «bill if borrowers default»
Proponents of the law say that it is in the best interest of the taxpayers who will be stuck footing the bill if borrowers default on their loans.
https://studentloans.net/ Not exact matches
Borrowers can quickly find themselves in a default situation if they discover at the end of a billing cycle that they don't have enough to cover the entire balance.
Lenders that purchase bulk insurance do so because it means the government is behind them if a borrower defaults and the lender can't afford to cover the bill.
The report, which indicated FHA's Mutual Mortgage Insurance Fund (MMIF)-- responsible for paying lenders if a borrower defaults — is on steady ground, is another positive development for housing, says Bill Brown, NAR president.