Sentences with phrase «lender against the possibility»

PMI protects the lender against the possibility of a default.

Not exact matches

In March, a Reuters investigation found that the agency had also dropped a lawsuit lawyers were preparing to file against another payday lender, called National Credit Adjusters, and that Mulvaney was weighing the possibility of halting lawsuits against three others.

By collecting the point up - front and possibly paying it back only if the borrower closes, the lender protects itself against the possibility the customer will defect to another lender during the time before closing.

But we must also consider the possibility that because borrowers are largely unprotected against potentially predatory lenders, these complaints are valid — and may be a sign of a coming scandal.

Prices for contracts tied to the bonds of MBIA Inc., Bear Stearns Cos. and Washington Mutual Inc., which protect lenders and creditors against the possibility that debt payments won't be made, are higher for one year than for five, according to data compiled by Bloomberg.

But with Private Mortgage Insurance, lenders require you to buy a policy in order to protect them (the lenders) against the possibility that you will default on the debt.