Sentences with phrase «imminent default»

Be current, at risk of imminent default, behind in mortgage payments, or in foreclosure or bankruptcy.

Borrowers must be behind two or mortgage payments and are not eligible for imminent default consideration.

You can be denied for having too much cash reserves under HAMP imminent default screening.

If you are reasonably confident that a sale or refinance of the property is not feasible to pay off the loan at par, the master servicer will ask you to send them an «imminent default letter,» explaining the situation and letting them know that payment in full at maturity is unlikely.

It is not allowed on FHA loans and is part of the administrations efforts to provide an opportunity for borrowers with negative equity, who are trapped in their home and potentially at risk of imminent default.

A key concept in these changes is how FHA defines «imminent default.»

As US homeowners continue to struggle with long term unemployment and home values below their mortgage amounts, FHA is amending its requirements to allow mortgage lenders to assist homeowners at risk of «imminent default.»

It is actually quite rare for companies in the top 1,000 roster by market capitalization to be delisted; for every company that actually defaulted and delisted while in the top 1,000, tens of companies dropped out of the top 1,000 because the market perceived their imminent default, leading to their subsequent delisting.

And unlike HAMP applicants, who have to be at risk of imminent default to get approved for their modifications and who are often behind on their payments, FHA Short Refi candidates must be current on their mortgages and their credit must be good enough to meet FHA guidelines.