Sentences with phrase «corporations default on their loans»

It is often used by credit card companies when setting interest rates, but also refers to the rate at which corporations default on their loans.

Not exact matches

Make a $ 450,000 home loan with 3 % down to a couple making $ 35,000 a year working at Starbucks; already burdened with $ 90,000 in student loans, $ 20,000 in credit card debt and FICO scores of 610, after they tell the loan officer they make $ 120,000 as senior managers of a large multi national corporation When they default on the home loan, file bankruptcy to discharge student and credit card debt and start living in section 8 housing, you now have a new brother and sister.

The Canada Mortgage and Housing Corporation (CMHC) insures the lender in case you default on your loan.

In the 50s, a mathematician named Earl Isaac and his engineer friend, Bill Fair, devised a model they called Fair, Isaac, and Corporation (FICO) to evaluate the risk of an individual defaulting on a loan.

The Canadian Mortgage and Housing Corporation provide mortgage loan insurance to lenders in case buyers default on their mortgages.

So, if a condominium corporation were to default on a loan, the lender would have the right to «step into the shoes» of the condominium corporation in order to collect common expenses as required to pay the loan.

The Wells Fargo loan to RiverBay Corporation, which controls Co-op City, is the largest ever insured under HUD's 223 (f) program, which protects lenders against loss on mortgage defaults at multifamily rental properties.