Sentences with phrase «insure the loan against»

The FHA keeps a book of rules and says, «so long as you make loans that follow these requirements, we will insure those loans against loss.»

By insuring the loans against default, the FHA gives lenders the confidence to make more loans, so mortgages become available to a wider portion of the U.S. population.

FHA mortgage insurance premiums (MIP) are payments made to the FHA to insure your loan against default.

The FHA keeps a book of rules and says, «so long as you make loans that follow these requirements, we will insure those loans against loss.»

FHA insures the loan against default.

And, lenders are happy to make such loans because the Federal Housing Administration insures the loans against loss.

The government (through the FHA) insures these loans against losses that result from borrower default.

It is a government agency that insures the loan against default.

The Federal Housing Administration (FHA) doesn't» purchase the loans but they do insure the loans against default.

Not exact matches

It is also important to note that liabilities, such as outstanding bank loans, guarantees, lease agreements and payments to suppliers are usually not insured, leaving the personal assets of business owners pledged against these liabilities, and potentially leaving family members in financial distress.

Rather, the USDA insures mortgage lenders making USDA Section 502 loans against loss.

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

• VA Funding Fee — A fee paid by a buyer or seller to insure the lender against loss through default on a VA loan.

PMI is a mandatory insurance policy for conventional loans which insures a lender against loss in the event that the homeowner stops making payments on a mortgage loan.

Although FHA does not directly make mortgage loans, it insures FHA approved lenders against losses on loans backed by FHA.

To insure against potential losses, FHA loans require a monthly mortgage insurance payment separate from homeowners insurance.

FHA, which insures mortgage lenders against losses on home mortgage loans, is tightening its lending requirements and changing down payment requirements for borrowers with credit scores below 580.

In case you're wondering why FHA should care whether a mortgage lender forecloses on homeowners who can not make their mortgage payments, FHA insures mortgage lenders against losses associated with FHA loans.

Faulty loan underwriting, lending discrimination, and sloppy loan approval practices cost FHA as the agency insures mortgage lenders against losses incurred when mortgage loans fail.

FHA does actually do home loans, they insure the loans, which means lenders are more likely to do the loans knowing they have insurance on the loans against any losses.

Additionally, automobiles used as collateral must be insured against physical damage for the term of the loan.

If there is a loan against either of the mobiles, the bank will insist you insure it; ask them what their requirements are.

FHA insures its approved lenders against losses on its home loan programs.

So, when you buy our insured products, you will enjoy greater peace of mind knowing that you're better managing third party risk and defending your business against the negative financial consequences of a possible loan default and the resulting repurchase request.

Because the FHA insures lenders against loss, recently, FHA mortgage rates have been lower than rates for non-insured, comparable conventional loans.

Private mortgage insurance (MI) enables these borrowers to qualify for a conventional loan by insuring the lender against potential losses in the event a borrower is not able to repay the loan and there is not sufficient equity in the home to cover the amount owed.

Through insuring mortgage lenders against losses on home loans, the FHA assists with providing loans to borrowers who may not qualify for conventional mortgages.

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

As mentioned earlier, the Federal Housing Administration insures mortgage loans against losses resulting from borrower default.

The agencies insure federal student loans against default and pay off lenders when borrowers default.

These mostly have to do with surrendering the policy while the insured is still alive, the policy lapsing, or when the person being insured takes out a loan against the policy.

While FHA refers to the process of insuring against loss as «insuring», VA refers to the process as «guaranteeing» the loan.

The program insures lenders against loss from default on loans of up to $ 48,600.

The program insures private lenders against losses of up to 90 percent of the value of a single loan.

To protect lenders against loss if amounts withdrawn exceed equity when the property is sold, FHA insures HECM loans.

MGIC insures mortgage lenders against defaults on conventional mortgage loans made for greater than 80 % loan - to - value (LTV).

Section 223 (e) helps to meet the need for adequate housing for moderate and low income families by insuring lenders against the risk of default on mortgage loans to finance the rehabilitation, purchase, or construction of housing in declining, older, but still viable urban areas where requirements for other mortgage insurance can't be met.

With this program, mortgage lenders are insured against default - related losses, so they carry less risk than with a conventional loan.

It insures FHA approved mortgage lenders against losses on loans made according to its underwriting requirements.

If the terms of a mortgage loan contract requires a borrower to purchase both a homeowners» insurance policy and a separate hazard insurance policy to insure against loss resulting from hazards not covered under the borrower's homeowners» insurance policy, a servicer must disclose whether it is the borrower's homeowners» insurance policy or the separate hazard insurance policy for which it lacks evidence of coverage to comply with § 1024.37 (c)(2)(v).

Adding to the complexity is the need for both Fannie and Freddie to insure their portfolios against interest - rate risk — in particular, the danger that borrowers may pay back their loans early, if interest rates fall, leaving the companies with money to reinvest at a lower rate.

Similar to VA and USDA Loans, FHA Loans are government insured; meaning, lenders are protected against the financial ramifications of homeowners defaulting on their mortgage payments.

Both types of VA refinance loans are government mortgage products insured against default by the United States Department of Veterans Affairs.

The main feature of the FHA - backed mortgage was its Mortgage Insurance Premium (MIP) program, a self - sufficient insurance fund through which the FHA could insure the nation's lenders against «bad loans».

Conventional Loans A conventional loan is a loan made against real estate as security that does not involving government participation in the form of insuring (FHA) or guaranteeing (VA) the loan.

The government insures the lender against losses that occur when a borrower defaults on the loan.

If you meet the minimum requirements and get approved for the loan, the federal government will insure it against losses.

If there are any loans against the life policy, then these amounts will reduce the face value of the death benefit when the insured passes away.

Additionally, all vehicles used as collateral will need to be insured against physical damage for the entire life of the loan.