Sentences with phrase «declined loan based»

Since traditional loan lenders approve or declined loan based on credit history, lacking credit history implies that they won't approve the loan.

The SBA expects its loans to be fully secured, but will not generally decline a loan based on inadequate collateral, assuming the borrower satisfies the other standards for capital, credit, capacity and character.

Not exact matches

As noted last week, even with aggressive Fed easing, the entire increase in the monetary base over the last year has been drawn off as currency in circulation, while bank reserves (as well as commercial and industrial loans) have declined.

The decline in issuance was sharper than can be readily explained by seasonality and the fall in housing loan approvals in 2004 and appears to have been driven by a fall in issuer supply rather than investor demand, given that primary spreads have narrowed by at least 5 basis points over the period, to historically low levels.

Based on your information, the underwriting system generates a response in minutes, either approving, declining, or referring your loan for human underwriting.

Other remedies a borrower might consider is to get a co-signer for the loan, which might reduce the required collateral, or to borrow using an SBA - guaranteed loan, which will not be declined solely on the basis of inadequate collateral.

This means that approval - decline decisions as well as the loan terms are based on an applicant's (or a cosigner's) credit history.

A big reason for the latest decline was the 30 - day delinquency rate on home equity loans, which dropped four basis points from the first quarter to 2.70 %.

On a simple interest loan, the amount of interest is amortized each month, meaning the amount of interest paid each month changes because it's based on the amount of principal, which declines with each payment.

The Federal Home Loan Bank of Seattle reports that it will likely report a risk - based capital deficiency and suspend its dividend because of a decline in the market value of its mortgage - backed securities portfolio.

As oil and gas prices decline and the availability of reserved - based senior credit becomes increasingly scarce, exploration and production companies are seeking to refinance into more traditional term loans or to divest royalties in an effort to...

While MoMA declined to comment on this particular instance, a spokesperson said that it reviews all loan requests on a case - by - case basis.

Ms. Luther represented a commercial lender in an action brought by a managing member of a limited liability company who alleged that the lender violated the Unruh Civil Rights Act by declining to make a loan to managing member's limited liability company based on managing member's prior felony convictions.

Recorded loan rejection, specifying investor, institutional guidelines and basis for declining application, such as insufficient cash reserves.

During the first quarter, 3.55 % of all loans were at some stage of foreclosure, a 19 basis point drop from the last three months of 2012 and an 84 basis point decline compared to the same period a year ago.

Based on the comments received and their own analysis, the agencies declined to raise the threshold for residential real estate loans, which will remain at $ 250,000.

«They will pay a higher price for that loan because of «risk - based pricing» from Fannie Mae and Freddie Mac, but it is unlikely that they will be declined because of their credit score.»

Underwriting Approves (or declines) funding to potential home buyers, based upon factors such as credit, employment, assets, etc., and matches approved risks with appropriate rates, terms and loan amounts.

The average contract rate on conventional loans used to purchase newly built single - family homes edged down by two basis points, from an even 4.00 to 3.98 percent — a decline too small to see on the chart below:

Amy Bonitatibus, a JPMorgan spokeswoman; Dan Frahm, a spokesman for Bank of America; Elise Wilkinson, a spokeswoman for Wells Fargo; and Jed Repko, a spokesman for Dallas - based Lone Star, declined to comment on the loan sales.

As a result, the effective interest rate (which amortizes initial fees over the estimated life of the loan) also declined by 2 basis points, to 4.33 percent.

In particular, the November data show a 6 basis point decline in the average contract interest rate on loans to purchase newly - built homes, from 4.32 to 4.26 percent.

The combination of declines in the contract rate and initial fees took the average effective interest rate on new home loans (which amortizes initial fees over the estimated life of the loan) down 8 basis points to 4.39 percent (after two consecutive months above 4.40).

A number of commenters objected to proposed comment 37 (g)(4)-2, which would have clarified that any title insurance policy disclosed on the Loan Estimate based on a simultaneous issuance calculation must be disclosed by adding the full owner's title insurance premium plus the simultaneous issuance premium for lender's title insurance coverage, and then deducting the amount of a full premium rate for lender's title insurance coverage that would be charged in a transaction when a consumer declines the purchase of an owner's title insurance policy.