Sentences with phrase «by lenders»

A mortgage - seeker who has a credit report like the one described above would ordinarily have been turned down by lenders, because the potential borrower's credit history shows that this person has a tendency of being delinquent in paying his bills.

Credit scores rely exclusively on information found on your consumer report — which includes information reported by lenders about the original principal amount, and current balance.

When dealing with an honest lender, you are assured of fair treatment because of pricing transparency, you get access to wholesale interest rates posted by lenders, you get the benefit of the lender's expertise and contacts in shopping multiple lenders for the best deal.

For borrowers who don't put 20 % down — which is not a requirement — and are viewed by lenders as higher credit risk, mortgage insurers reduce or eliminate losses by providing protection to the lender in the event of a foreclosure.

A higher credit score is favored by lenders, because it suggests that a borrower is less likely to default on the mortgage.

These inquiries can not be made by lenders without your consent.

PMI is required by lenders when you make a down payment of less than 20 percent, to protect the lender from losing money if the property ends up in foreclosure.

However, gifts are carefully regulated by lenders.

But many don't provide FICO scores, instead offering ones that are rarely, if ever, used by lenders.

Sometimes the credit bureau with the highest score is the source pulled by lenders.

A loan backed by the Federal Housing Administration and offered by lenders.

Here, the FICO scientists, the only people who can actually calculate how much your score might go up or down and who are responsible for the credit score most often used by lenders, created some realistic scoring simulations that predict the number of points lost from a missed payment, a maxed - out card, filing for bankruptcy, or any other ding to your credit report.

For younger students, who do not have sufficient credit history, monthly payments on private student loans could be hardly bearable, as the interest rate set by lenders is typically very high to offset potential risk of default.

FICO scores, which are the most common ones used by lenders in decision - making are calculated based on a model created by the Fair Isaac Corporation, a company based in Minneapolis.

«Credit reports are no longer just used exclusively by lenders in making a credit decision,» said Waters in a recent statement.

The scoring model ranges from 300 to 850 and is used by lenders to make creditworthiness determinations.

However, FICO scores are the credit scores used most often by lenders, so those are the scores I prefer to look at.

Answer: Since there's no one «score cutoff» used by all lenders, it's hard to say what a good score is outside the context of a particular lending decision.

These loans are offered by lenders in two main types: secured and unsecured.

Most of the factors determined by lenders are temporary and minor in their effect on your qualifications.

Income is another important factor that is considered by lenders when processing unsecured personal loan applications.

As was mentioned earlier, unsecured personal loans are credit - based, meaning that past credit performance of a prospective borrower is the most important metric used by lenders.

It details your history as it has been reported to the credit reporting agency by the lenders who've given you credit.

The FICO scoring system does more than just allow this type of credit pull by lenders — it actually encourages it.

Consider the challenges faced by lenders and the tools they have to manage the process.

Accordingly, cosigners are treated by lenders and servicers the same as the primary borrower, and can even be sued if the borrower defaults on the loan.

The balance must be financed by our lenders.

History, by participating school, of status and deferment information requests by lenders and guarantors as well as our response to those requests

Many important factors should be considered to both create a sound fiscal foundation and seek a financing structure that will comply with the strict covenants required by lenders.

In short, charter schools are viewed by lenders as more risky.

Down in Florida, they find insanely overstretched buyers being fed lavish mortgages by lenders who haven't a clue what they're selling.

Cleaner air means a higher acceptance of coal - fired plants in local communities, and equally important, by lenders and financial institutions — leading to better financing terms for our customers.

Now, many of those neighborhoods, formerly redlined by lenders and in some places bound in by a literal color wall, have an amenity not yet in the real estate listings: They're on higher ground and are less likely to flood as seas rise.

With stays in place, Oyster Bay can neither press its position in a state civil suit it filed against Mei, Singh and others — or defend itself in three other civil actions filed against the town by lenders.

Oyster Bay also is being sued by lenders who contend the town is responsible for Singh's defaulted loans.

Those state court records show Harris Beach requested protective orders to prevent the firm from answering lawsuits filed by lenders and the town over the loan guarantees.

The report has a lot of interesting information in it, including recommendations for standardization of records kept by producers and required by lenders.

In these cases, the queries are not considered a hard pull / inquiry and will not appear on the reports used by the lenders for evaluation.

Private mortgage insurance (PMI) is an insurance policy required by lenders to secure a loan that's considered high risk.

On the other hand, it can be ged by the lenders on the loan made available to another person called borrower for use so that the person (borrower) can repay in a future time.

Private student loan rates are set by lenders based on financial market rates, particularly what is happening with the London Interbank Offered Rate (LIBOR), a benchmark interest rate used as a reference for many types of loans.

In the short term, Freddie Mac's housing analysts expect home buyer affordability to «remain strong,» thanks in part to the favorable mortgage rates being offered by lenders these days.

This will give you an idea of how your credit history will be viewed by lenders.

This is often made worse by lenders that coerce, deceive, or otherwise pressure borrowers into signing these predatory loan agreements.

In general, though, certain factors are commonly taken into consideration by lenders, including:

The timeframe used by lenders for reporting credit balances to an agency can affect a borrower's credit utilization levels.

With this type of home renovation loan, the Federal Housing Administration (FHA) insures loans made by lenders to borrowers like you.

There are a number of ways to check your score, the most used score by lenders is the FICO score.

The FICO scoring system does more than just allow this type of credit pull by lenders — it actually encourages it.

Because unhealthy borrowers are already selected for material covenant violations by lenders both with and without short - termism incentives, only relatively healthy borrowers are left to be targeted by incremental attention.