Not exact matches
Mortgage insurance refers to any insurance policy that protects
lenders against the risk of a
borrower defaulting on a mortgage loan.
Private mortgage insurance (PMI) is a special type of insurance policy that is paid by the
borrower and protects
lenders against loss if a
borrower defaults.
Private Mortgage Insurance (PMI) is a special type of insurance policy, provided by private insurers, to protect a
lender against loss if a
borrower defaults.
When you are approved for secured financing, a
lender will file a UCC - 1 financing statement with the secretary of state (SOS), creating a lien
against the asset (s) in particular (unless the
lender files a blanket lien naming all assets) that's being used by the
borrower to secure the financing.
The presence of a cosigner with a strong credit and income history is a safety net for the
lender — with a cosigner,
lenders have an extra layer of protection
against borrower default.
PMI protects
lenders against the risk that the value of the home will fall below the outstanding principal balance on the mortgage, leaving the
borrower «underwater» on the loan.
The insurance protects the
lender against losses resulting from
borrower default.
VA
lenders look at back - end DTI ratios, meaning they measure a
borrower's major monthly expenses
against his or her gross monthly income.
The
lender gets extra protection
against borrower default.
The government insures the
lender against losses that might result from
borrower default.
So
lenders file a statement of claim
against a delinquent
borrower, obtain a judgment, and then get an execution order to enforce the judgement to recover their losses.
Finally, the willingness to make loans to marginal
borrowers is really a statement that
lenders are willing to make an equity investment in someone they are lending to, or some property that they are lending
against.
PMI is paid by mortgage
borrowers, protecting mortgage
lenders against default and foreclosure.
The FHA mortgage program insurance mortgage
lenders against loss, which allows banks to offer reduced rates to
borrowers.
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.
A PMI policy protects the
lender against financial losses that would result if the
borrower were unable to repay the loan.
The Federal Housing Administration, which is part of HUD, insures
lenders against losses relating to
borrower default.
A
Borrower's Bill of Rights would provide greater transparency between
lenders and
borrowers about loan programs and ensure that
borrowers receive better protection
against misrepresentation of loan terms.
In theory, a default on a payday loan could prompt a
lender to file a civil claim
against the
borrower.
Luckily for Missouri residents who have less than impressive credit history,
lenders of title loans do not discriminate
against borrowers with poor credit scores.
By collecting the point up - front and possibly paying it back only if the
borrower closes, the
lender protects itself
against the possibility the customer will defect to another
lender during the time before closing.
When the loan
against a home is greater than 80 % of the home's resale value, the
lender is very likely to lose money in the event the
borrower defaults on the mortgage.
A
borrower aggrieved by any violation of this section shall be entitled to bring a civil suit for damages, including reasonable attorney's fees,
against the
Lender.
FHA, which insures mortgage
lenders against losses on home mortgage loans, is tightening its lending requirements and changing down payment requirements for
borrowers with credit scores below 580.
When that takes place, a
borrower may have a reason to file a complaint
against that
lender through a myriad of places.
Mortgage Insurance Premium Monthly payments made by a mortgage
borrower to the Federal Housing Administration (FHA), or to a private
lender for transmittal to the FHA, to protect
against default on mortgage payments.
The loan agreement provided by the
lender is the go - to document for what should take place with a loan, and the protections
borrowers have
against any breach of that agreement by a
lender.
A secured loan, on the other hand, presents less of a risk to the
lender because it is secured
against a piece of valuable property — generally a house — that can be seized should a
borrower fail to pay.
Student loan
lenders have particular protections
against default as student loans are regularly non dischargeable unless the
borrower can prove undue hardship.
Private mortgage insurance (PMI)-- Protects the
lender against a loss if a
borrower defaults on the loan.
The federal government guarantees FFELP loans
against borrower default and ensures that the
lenders receive a market rate of return on the loans despite the lower interest rates paid by
borrowers of education loans.
When a
borrower is in default the loan becomes due in full immediately and the
lender may pursue more aggressive collection techniques, such as sending the account to a collection agency or filing suit
against the
borrower.
These include a federal guarantee
against borrower default, special allowance payments and
lender - paid origination fees.
Escrow protects both
lenders and
borrowers against lapsed insurance or delinquent taxes, by setting aside money each month to pay bills like:
By using your vehicle as collateral,
borrowers must consent that their title can have a lien placed
against it by the
lender or have their vehicle repossessed for nonpayment and or failing to meet the
lender's obligations.
A wise
borrower compares prices to get a good deal and to help you out we have a huge number of private
lenders in our contact list who will compete
against one another to give the best terms.
It is important to be vigilant
against lenders that promise the world to bad credit
borrowers.
Once they have the appropriate license,
lenders have the power to enter into a contract with a
borrower, stating that they will give them a certain amount of money in exchange for putting a lien
against their car.
Basically payday loan
borrowers are borrowing
against their income and throwing in several hundred extra dollars to the
lender.
FHA insures its approved
lenders against losses in much the same way by charging
borrowers an up - front mortgage insurance premium (UFMIP) of up to 1.75 % of the mortgage amount at closing.
Insurance that protects
lenders against losses caused by a
borrower's default on a mortgage loan.
Mortgage insurance refers to any insurance policy that protects
lenders against the risk of a
borrower defaulting on a mortgage loan.
Private mortgage insurance (PMI) is insurance that protects a
lender or investor
against loss if a
borrower stops making mortgage payments.
Private mortgage insurance (MI) enables these
borrowers to qualify for a conventional loan by insuring the
lender against potential losses in the event a
borrower is not able to repay the loan and there is not sufficient equity in the home to cover the amount owed.
Through insuring mortgage
lenders against losses on home loans, the FHA assists with providing loans to
borrowers who may not qualify for conventional mortgages.
Plus, the strength of the real estate market gave
borrowers and
lenders alike confidence in the safety of borrowing
against that newly - created equity.
Unlike first mortgages, second mortgages or home equity lines are recourse notes - that is, the
lender can assess a deficiency
against a
borrower, and the second mortgage holder can sue the
borrower on the note.
Private Mortgage Insurance, or PMI, is insurance that protects the
lender against loss if you (the
borrower) stop making mortgage payments.
The Federal Housing Administration ensures the mortgage
lender against losses that may result from a
borrower default.
The Federal Housing Administration insures
lenders against losses that may result from
borrower default.