Sentences with phrase «lender absorbs the loss»

In such sales, your lender absorbs the loss.

The risk of default is always the real driver of underwriting and, ultimately, lending approval decisions, and the likelihood of a lender absorbing a loss increases as the amount of equity decreases.

Not exact matches

Bad lenders would absorb the losses from their bad decisions.

Unfortunately for FHA, mortgage lenders, and conventional mortgage insurance companies that absorb losses on foreclosures, those who elect to walk away from their mortgages don't appear to care that their credit scores and ability to qualify for home loans can be seriously impacted.

The remaining $ 20,000 is absorbed by the lender s a loss.

Lesser lenders absorbed lesser losses in exchange for the ability to get a much greater yield if there was no default.

A Florida short sale allows both you and the lender to be ultimately in a better position because the lender, too, will prefer to recoup only part of the mortgage amount than to absorb a total loss from a foreclosure.