Sentences with phrase «fact default on the loan»

Not exact matches

The fact that we don't have non-recourse loans leads me to believe it's not accurate to consider families would choose to default on loans rather than remove their children from private schools or cut out the annual Chamonix ski trip etc..

Combined with the fact that you pay the short term gains taxrate on the interest no matter what and at best you get a capital loss when a loan goes into default means the 6 - 9 % Lending Club claims investors average is probably closer to something like 3 - 5 % after the unfavorable tax treatment.

This is due to the fact that even that home equity loans are secured loans, there is a greater risk of defaulting on a home equity loan than on a home loan.

The fact that there is equity available on a property provides tranquility to a lender even if the property is not used as collateral because the lender knows that in the event of default, even though the mortgage lender has privileges over the property, he can still collect from the remaining amount produced by the sell of the property if the balance on the secured loan does not exceed the value of the property.

The fact that defaults have fallen on FHA home loans in California is a great sign in support of data suggesting the recovery is under way.

Secured debts get their name from the fact that the loan is secured by collateral — the mortgage on your home, for example — that can be seized and sold by your creditors in the event that you default on your payments.

The fact is that people do get behind on college loan payments and people do default on college loans.

Due to the fact that borrowers experienced a much higher default rate on taxes and insurance when 100 % of the funds were taken at the initial draw, HUD changed the method by which the funds would be available to borrowers which no longer allows all borrowers access to 100 % of the Principal Limit at the close of the loan.

The GSEs do take on the credit guarantee obligation of the securities they issue, but nobody sells loans to the GSEs just to offload credit risk — in fact, more than a few lenders work hard to negotiate contracts with the GSEs that leave quite a substantial part of the credit risk with the original lender: recourse agreements, indemnifications, servicing options that put a lot of the cost of default on the seller / servicer, not the GSE.

These figures also do not reflect the fact that each year nearly 100,000 borrowers default on their loans for a second time.5

Since it's a short term loan, it's reasonable to expect that your circumstances won't change much if at all during the term of the loan, so the fact that your income is sufficient to repay the amount borrowed — and as long as you don't have a record of defaulting on similar short - term loans — is all the lenders need to know.

In fact, a recent analysis by the New America Foundation shows that nearly two - thirds of those who default on student loans have no degree.5

Your lender should notify you of the fact that you have defaulted on your loan and of his / her intention to repossess your vehicle.