Sentences with phrase «by borrower qualifications»

Financing maximums and terms are determined by borrower qualifications and use of funds.

Not exact matches

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

This kind of review is handled on a case - by - case basis, with an emphasis on the borrower's overall qualifications.

The FHA loan program is designed to help middle - and low - income borrowers buy a home by allowing lower down - payments and more flexible qualification requirements.

In the world of conventional mortgages, lenders try to induce borrowers to go for ARMs by easing the qualification standards so that more can be borrowed if only the borrower will opt for an adjustable loan product.

Lenders take on greater risk by underwriting non-QM loans, so they require very specific qualification standards to asses the borrowers ability (and likelihood) to repay the loan.

As you compare Charlotte mortgage rates and lenders, you must also remember that the rate you get is driven primarily by your individual qualifications as a borrower.

With lenient down payment and qualification standards, the FHA loan program was created by the government to help more first time and middle income borrowers purchase a home.

In order to be used for mortgage qualification, the borrower's income must be fully verified by the lender.

Borrowers with weak credentials can improve their qualifications by pledging collateral to secure the loan.

Potential borrowers can apply for credit on the platform, and borrower qualifications vary by lender.

FHA loans are widely used by the borrowers due to the minimum down payment requirements, easier qualification process and rather flexible lending norms.

Instead, borrowers work with private lenders, but the VA eases qualification by guaranteeing some or all of the loan.

Based on these two student loan qualification statistics, many prospective student loan borrowers fall way below the standards set by the student loan lenders.

These alternative lenders, which will loan up to $ 300,000 to refinance medical school loans, base their loan qualifications on the borrower's earning potential as determined by their future field of practice.