Sentences with phrase «cover loan losses»

The large increase in FHA defaults is a source of growing concern since the FHA's insurance reserve fund to cover loan losses is virtually depleted.

Our reserves are to cover loan losses over a 30 - year term.

It recorded an $ 85 million loss in the last quarter, mainly because it raised its reserves to cover loan losses, primarily commercial.

There is no FDIC insurance to cover loan losses at Prosper either.

Not exact matches

And keep in mind that these potential losses come at a time when banks have put aside loan loss reserves to cover just 1.4 % of their lending portfolio, their lowest in years.

And Synchrony certainly spooked investors after signaling that it was setting aside more than expected to cover losses from borrowers failing to pay loans in the first quarter.

Meaning the SBA will cover a portion of any loan losses incurred by the bank — potentially up to 90 percent.

The group helped business owners plan 18 months in advance of the line's opening, while the city offered loans of up to $ 20,000 to cover construction - related losses.

At the same time, it is not out of the question that we may be quietly allowing U.S. banks to go insolvent without disclosure, covering the losses over time out of wide interest spreads on existing loans, and that we may be able to avoid outward evidence of mortgage deterioration simply by allowing the Treasury to go further and further into deficit on behalf of the GSEs.

For instance, if you take out a $ 100,000 SBA 7 (a) loan and the SBA backs 85 % of this loan, this means that the SBA will cover your bank's losses up to $ 85,000.

As an optional addendum to your loan and designed to help cover the difference between the vehicle's actual cash value and the outstanding loan balance after a total loss, having a GAP Waiver can reduce or eliminate those out - of - pocket expenses.

We offer extended service contracts on all carsranging from 3 months / 4500 miles to 48 months / 50000 miles.service contracts may be purchased and financed within the car loan or paid for in full outside of the car loan.guaranteed asset protection (gap) Coverage is also available to cover the difference between an insurance settlement and the remaining loan due in the event of total loss of the vehicle.off site pre-purchase inspections are available with in 5 miles range from our dealership as long the check up it is not performed by any franchise dealers.

Most auto insurance policies are designed to only cover the vehicle's current cash value, not the loan balance, when a total vehicle loss occurs.

For instance, if you take out a $ 100,000 SBA 7 (a) loan and the SBA backs 85 % of this loan, this means that the SBA will cover your bank's losses up to $ 85,000.

Mortgage insurance is the first level of credit protection against the risk of loss on a mortgage 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.

With mortgage insurance, you'll also pay into a pool to help the lender cover losses and costs if a homeowner defaults on their loan.

These loans are meant to offset losses not fully covered by your insurance.

If the borrower defaults on their loan and there isn't enough equity in the home to cover what is owed on the mortgage, private MI is there to offset the loss.

Guaranteed Asset Protection (GAP) with Auto Advantage covers the difference between the cash value of your vehicle at the time of theft or total loss and what you actually owe on your loan.

This is simply because the lenders want to have as much security as possible, which is somewhat understandable since there is no collateral with which to cover losses should the consumer default on their loan.

Including insurance as part of your overall financial plan and choosing from a range of solutions for your CIBC Mortgage Loan, Personal Line of Credit, Credit Card or Personal Loan can help you and your family cover your loan payments in the event of disability, job loss *, critical illness ** or in the event of deLoan, Personal Line of Credit, Credit Card or Personal Loan can help you and your family cover your loan payments in the event of disability, job loss *, critical illness ** or in the event of deLoan can help you and your family cover your loan payments in the event of disability, job loss *, critical illness ** or in the event of deloan payments in the event of disability, job loss *, critical illness ** or in the event of death.

Gap insurance ensures that you're covered for the difference between what you owe on your car lease or loan and what your car is worth at the time of a total loss.

If you default on these loans, the federal government will cover any losses that private lenders would suffer.

Benefit description: Cancels the covered person's loan payments — up to $ 6,000 — according to their payment schedule, due to an entire loss of employment income.

With a tax loan you can get some quick cash to cover these costs and losses right away.

If you succeed in paying off the loan, you might fail in paying for college, or covering costs in the event of a job loss, medical problem, marital issue, or other family concern.

So, your GAP provider covers your $ 1,000 deductible and takes care of the $ 2,510 you still owe on your loan, protecting you from having to pay out - of - pocket or roll any negative equity into your next car loan to cover your losses.

To illustrate, if you are issuing bad credit loans to 50 people with poor and subprime credit with a likelihood of 20 of them running away with your money, logic dictates that you make enough money from the remaining 30 to cover the losses and expenses.

It is important to understand, however, that securing your loan with your personal assets besides the car you are purchasing is an additional risk in case of default, as lender may repossess your assets to cover the losses from your default.

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.

Proceeds from this fee are paid directly to the Department of Veterans Affairs and are used to cover losses on any loans that may go into default.

With GAP (Guaranteed Auto Protection), you are protected against a loss in the event of an accident or theft where your auto insurance doesn't cover your full outstanding loan balance.

In 2013, the usually self - sufficient agency required a taxpayer bailout of $ 1.7 billion to cover losses resulting from shaky loans made during the housing collapse.

As mentioned above, you should have a plan in place to cover your loan payments should your primary source of payment be compromised (i.e., loss of a job).

The proceeds go directly to the VA and help cover losses on the few loans that go into default.

This proposal would create a cost structure (including interest rates, fees, and other components) that would generate sufficient revenues for the government to cover its costs of lending, including its cost of capital, loan servicing, collection costs for defaulted loans and any losses due to defaults or other discharge of the debt.

Private mortgage lenders actually fund FHA home loans, and the Federal Housing Administration (FHA) covers their losses if borrowers default.

Business Expenses: Investing in a business opportunity, making repayments on business loans, or covering unexpected losses.

If you are financing the purchase of a trailer from a bank, the lender will most likely require you to have insurance on the trailer to cover potential loss until you pay off the loan.

This fee goes directly to the Department of Veterans Affairs to help cover losses and keep the loan guarantee program viable for future generations of military homebuyers.

So if the borrower stops making payments on the loan, the FHA will cover the lender's losses (as long as the loan was made in accordance with current FHA guidelines).

In fact, VA lenders can count disability income as effective income toward a mortgage, and borrowers with a service - connected disability are exempt from paying the VA Funding Fee, a mandatory cost the VA applies to every purchase and refinance loan to help cover losses and ensure the program's continued success.

If your vehicle is stolen, accidentally damaged beyond repair or otherwise declared a total loss, GAP Plus insurance covers the missing link between your insurance settlement and remaining loan balance.

If the terms of a mortgage loan contract requires a borrower to purchase both a homeowners» insurance policy and a separate hazard insurance policy to insure against loss resulting from hazards not covered under the borrower's homeowners» insurance policy, a servicer must disclose whether it is the borrower's homeowners» insurance policy or the separate hazard insurance policy for which it lacks evidence of coverage to comply with § 1024.37 (c)(2)(v).

An investor should be concerned that this bank is not reserving sufficient capital to cover its future loan and lease losses.

Lacking a sophisticated system for determining your ability to repay the loan, payday loan operators set high fees and interest rates to cover their losses.

The insurance covers the borrower's payments — up to $ 1,500 per month for six months — in the case of a job loss during the first two years of the loan.

In the latest quarter, Home Capital set aside $ 3.2 million to cover potential future loan losses, down 27.0 % from $ 4.4 million.

Meaning the SBA will cover a portion of any loan losses incurred by the bank — potentially up to 90 percent.

The Solyndra case represents less than 2 % of total loan commitments made by DOE, and will be easily covered by a capitalization of eight to ten times larger than any ultimate losses expected following the bankruptcy proceedings.