Sentences with phrase «guarantee against borrower»

These include a federal guarantee against borrower default, special allowance payments and lender - paid origination fees.

Not exact matches

In addition to these requirements, OnDeck does require borrowers personally guarantee the loan, and OnDeck will file a blanket lien against the business, but there are no specific collateral requirements.

But people who are against the laws say that yanking a borrower's license or certificate will essentially guarantee they won't be able to pay off their loans because they won't have the ability to earn a paycheck without their credentials.

The federal government guarantees FFELP loans against borrower default and ensures that the lenders receive a market rate of return on the loans despite the lower interest rates paid by borrowers of education loans.

Today almost all commercial mortgages will require personal guarantee s and are with recourse against the borrower.

It involves when the lender will provide a guarantee against a short term loan which must be repaid back to the borrower.

Annaly and American Capital Agency, for instance, invest in agency mortgage - backed securities, which come with an implicit guarantee against default — meaning if the borrowers stop paying, they are reimbursed for the difference.

The borrower companies failed to make the payments under the loans, so Investec made demands against the guarantors in respect of the personal guarantees.

VA: Department of Veterans Affairs: a federal agency which guarantees loans made to veterans; similar to mortgage insurance, a loan guarantee protects lenders against loss that may result from a borrower default.

The VA Home Loan Guaranty is a mortgage finance program which guarantees loans made to military borrowers against loss.