Sentences with phrase «failed loans resulted»

Not exact matches

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

As a result of VRA's indebtedness, he said, it had failed to service the Chinese Development Bank loan facility it secured for the construction of the Atuabo Gas Processing Plant.

According to the Federal Insurance Office's 2015 annual report on the insurance industry, approximately 40 % of mortgage insurance participants failed as a result of the crisis and in 2010, only 4.3 % of all new mortgage loans were insured by mortgage insurance.

Failing to meet these requirements can trigger a loan default that may result in foreclosure.

FHA insures mortgage lenders against losses associated with its loan programs: failing to pay taxing authorities can result in liens against your home.

If you fail to make mortgage payments (defaulting the loan) this may result in the mortgage holder taking legal action to possess (foreclose) the mortgaged property.

Failing to make the required payments on a consolidation loan will result in damaged credit and penalties, and if you took out a home equity loan to consolidate your debt, you might end up losing your home too!

The result is an unsecured personal loan that is high accessible and impossible to fail to pay (albeit a very costly repayment), which is a good way to start back on a the road to improving your finances.

However, many Loan Officers have failed to connect with this crucial demographic, and as a result have missed out on increasing their business volume.

However, in some cases, failing to repay such a loan can result in severe tax consequences.

Similarly, according to the Independent People's Tribunal of the World Bank Group in India, the role of the World Bank in reducing state subsidies, reduced access to low interest loans for the poor and the «opening up of the Indian economy to an uneven playing field in international trade in agricultural commodities» resulted in the dramatic phenomenon of India's infamous farmer suicides, with an estimated 137,000 farmers killing themselves due to their inability to pay off their loans once their crops failed (for more information, see here and this interview with Indian environmental activist Vandana Shiva as well).

According to the Federal Insurance Office's 2015 annual report on the insurance industry, approximately 40 % of mortgage insurance participants failed as a result of the crisis and in 2010, only 4.3 % of all new mortgage loans were insured by mortgage insurance.

Failing to pay your loan and debts can result into the worst financial nightmare.

In the event IRS treats crypto - asset lending transactions or hard forks as tax realization events, the resulting US tax obligations along with the applicable penalties for failing to file applicable tax returns could make the crypto - asset loans all the more expensive.

If you move, fail to pay your property taxes or homeowners insurance, or fail to maintain the home, your loan can go into default which may result in foreclosure.

Failing to meet these requirements can trigger a loan default that results in foreclosure.

Failing to meet these requirements can trigger a loan default that may result in foreclosure.

However, many Loan Officers have failed to connect with this crucial demographic, and as a result have missed out on increasing their business volume.