Sentences with phrase «event of borrower default»

More importantly, the agreement gives certain rights to the mezzanine financing provider in the event of a borrower default.
Two of the most common are rooted in the concept of VA entitlement, which is basically the amount of money the VA pledges to guarantee in the event of borrower default.
In the event of borrower default, owners of subordinated debt will not be paid out until owners of higher - ranking debt are paid in full.
The Department of Veterans Affairs, in lieu of making an actual loan insures the principal investment made by a lender, thus guaranteeing the investor will receive a re-payment in the event of a borrower default.
Many lenders require it so that they are protected from huge losses in the event of a borrower defaulting on a mortgage.
The lender will also insist on including a small percentage of gross rents to cover the costs associated with managing the investment property in the event of a borrower default.
The organization supports lenders by insuring bank loans, which guarantees lenders that loans will be repaid in the event of borrower default.
But despite the similar interest rates, FHA loans often end up costing borrowers more in the end because they require a smaller down payment and have high insurance premiums, which borrowers must pay as part of the FHA process to protect the lender from a loss in the event of borrower default.
Mortgage insurance, often required for borrowers without sizable down payments, is a substitute for equity that serves to protect a loan's owner in the event of a borrower default.
Mortgage insurance provides protection to mortgage lenders in the event of borrower default, enabling lenders to offer consumers low down payment loans at more competitive interest rates.
a type of insurance many homebuyers are required to purchase, particularly when they are unable to put down a certain dollar amount on the loan; protects the lender in the event of borrower default.
a b c d e f g h i j k l m n o p q r s t u v w x y z