Sentences with phrase «help borrowers reduce»

It's a form of private - sector mortgage insurance which is used to help borrowers reduce required down payments from 20 percent to 5 percent of the loan amount.

This can help borrowers reduce the amount you must pay out - of - pocket when your loan closes.

These second chance loans are helping borrowers reduce their expenses monthly by allowing debts to be consolidated into a lower interest rate on a low score 2nd mortgage.

Not exact matches

«The public funds, at least in Pennsylvania, are structured to enable the bank to make a loan that they might not be able to make without the public debt behind them by enhancing the loan - to - value, reducing the risk to [the bank], and then passing on some benefits [to the borrower] in the form of lower interest rates, which help cash - flow issues.»

This type of payment makes sense for lenders because it reduces the costs associated with processing a loan payment, and more frequent direct debits (daily or weekly) make it possible for the lender to identify any potential repayment issues early — giving them time to try to help borrowers catch up on any loan payments they may have missed and mitigate larger credit issues down the road.

Trended data will help lenders see if a borrower is reducing their overall debt over time — a very good indicator of future mortgage - borrowing success.

Income - driven plans are specifically designed to help federal student loan borrowers reduce their payments according to how much they earn.

OnDeck rewards repeat borrowers by reducing origination fees and interest with each subsequent loan — and the lender reports your activity to business credit agencies to help build your business credit score.

Participating in the Clearinghouse helps the education finance industry eliminate paperwork, reduce default rates and servicing expenses, and enhance customer service for borrowers.

This is the primary reason that banks require cosigners for some borrowers — they don't want to take the risk of lending money to a specific borrower, so the cosigner's guarantee helps reduce that risk.

In addition to helping borrowers purchase a home, MI also helps reduce risk for taxpayers.

If a protected life event happens to you (and you're a protected borrower or co-borrower on the loan), Debt Protection will cancel or reduce repayment of your loan debt — helping to lessen your worries, and your family's worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging.

The Obama requirements would have rewarded servicers that help borrowers stay on track with repayment and reduce errors.

By cosigning, you are also helping the borrower potentially obtain a lower interest, reducing his or her monthly payments.

Trended data will help lenders see if a borrower is reducing their overall debt over time — a very good indicator of future mortgage - borrowing success.

FHA hopes to help more borrowers stay in their homes, thereby decreasing the potential for future default and reducing losses to the Mutual Mortgage Insurance (MMI) Fund.

This type of payment makes sense for lenders because it reduces the costs associated with processing a loan payment, and more frequent direct debits (daily or weekly) make it possible for the lender to identify any potential repayment issues early — giving them time to try to help borrowers catch up on any loan payments they may have missed and mitigate larger credit issues down the road.

Because a small number of borrowers account for the majority of dollars in default, changes targeted at a small number of individuals and institutions could have large implications for taxpayers and the students involved, helping to keep borrowing to levels borrowers can realistically repay and to reduce costs of these programs for taxpayers.

Earlier this week in a press release, the BBB issued an advisory that warned residents of St. Charles to be wary of Student Loan Forgiveness Agency, a ten - month old company that purports to help student loan borrowers reduce their debt.

This tool helps to reduce risks as well as borrowers are able to make well - informed decisions.

The interest - free loan program (for the first 5 years) would be used to match up to $ 37,500 or 5 % of the down payment already accumulated by the borrower to be used to for a larger down payment to help keep payments more affordable and reducing the high ratio mortgage insurance that is added to the first mortgage.

By lowering monthly mortgage costs for home - owners, FHA hopes to help more borrowers stay in their homes, thereby decreasing the potential for future default and reducing losses to the Mutual Mortgage Insurance (MMI) Fund.

WASHINGTON, Feb. 1, 2012 — Agriculture Secretary Tom Vilsack today announced that the U.S. Department of Agriculture is launching a pilot program to help rural borrowers refinance their mortgages to reduce their monthly payments.

FHA hopes to help more borrowers stay in their homes, thereby decreasing the potential for future default and reducing losses to the Mutual Mortgage Insurance -LSB-...]

If a protected life event happens to you (and you're a protected borrower or co-borrower on the loan), Payment Protection will cancel or waive your loan payment (s), up to the contract maximums — helping to lessen your worries, and your family's worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging.

Borrowers of FHA reverse mortgage loans are required to attend housing counseling; addressing the responsibility for paying taxes and insurance in these sessions could help with reducing tax and insurance defaults and the need for «foreclosing on grandma.»

And although some plans do offer somewhat immediate flexibility for struggling borrowers and can help reduce loan defaults, the program's full benefits won't be known for many more years, after some borrowers have already received forgiveness.

Borrower benefits can help you reduce your interest rate before you pay these added charges.

In practice, these companies assured borrowers that they would help them shorten loan terms and reduce monthly payments through loan forgiveness or income - driven repayment programs.

Today the mission of the FHA includes helping borrowers get amounts they qualify for, and assisting lenders by reducing their risk in issuing loans.

They will not only improve chances of getting a mortgage but also help in reducing risk for the borrowers, the lenders and the whole economic structure.

The good news for new homebuyers is that FHA promised to reduce the upfront mortgage insurance premium from the current 2.25 % to about 1 % and the agency hopes that this helps offset the increased cost of the annual premium for FHA borrowers.

At LendKey, we routinely help borrowers refinance student loans at both a lower interest rate and a lower monthly rate — often reducing the overall cost of the loan by thousands of dollars.

OnDeck rewards repeat borrowers by reducing origination fees and interest with each subsequent loan — and the lender reports your activity to business credit agencies to help build your business credit score.

It was intended to help troubled borrowers by reducing the principal balance they owed or the monthly interest they paid.

«We're excited to integrate with Fannie Mae to help lenders reduce risk and verify a borrower's income with what's on file with the Internal Revenue Service,» said Greg Holmes, National Director of Sales and Marketing at Credit Plus.

Collector III (9/2007 — 9/2008) • Aided non-prime borrowers in bringing loan payments current utilizing a variety of related programs, providing customized solutions based upon individual financial needs • Assisted team manager with maintaining and distributing month - end numbers to peers, providing relevant information to help staff achieve all individual as well as team monthly goals • Created and facilitated various training classes to assist peers with negotiation skills, reducing the past - due loan balances outstanding while improving departmental bottom - line • Coached prime and HAD agents on negotiation skills as well as objection handling and time management

Meanwhile, to help spur refinancing for borrowers who took out loans before June 1, 2009, the Obama administration is reducing the upfront premium on FHA refis to.01 percent, and lowering the annual premium to.55 percent.

The new policies will provide immediate relief to FHA borrowers in the disaster areas by helping them stay in their homes while reducing losses to the FHA Mutual Mortgage Insurance Fund.

Because of the settlement, banks have provided over $ 10.5 billion in principal reduction that helps borrowers stay in their homes, lowering monthly payments on over 118,000 loans and actually reducing struggling homeowners» loan balances by more than $ 88,000 on average.

By lowering monthly mortgage costs for home - owners, FHA hopes to help more borrowers stay in their homes, thereby decreasing the potential for future default and reducing losses to the Mutual Mortgage Insurance (MMI) Fund.

«We expect home prices to firm further amid a durable housing recovery, gradually reducing the population of underwater borrowers and helping to boost the share of consumers who say that now is a good time to sell.»

The change can help reduce the incidence of foreclosure by encouraging borrowers to pursue a loan modification that includes debt forgiveness.

The Title prohibits certain predatory lending tactics that were used frequently during the real estate bubble, and also establishes certain provisions for loan modifications which will help to change and reduce mortgages that are completely out of the borrower's ability to repay.