"Lending practices" refers to the rules and methods that lenders (such as banks) follow when deciding whether to give a loan to someone and how it should be repaid. It includes factors like assessing the borrower's creditworthiness, setting interest rates, determining conditions for loan approval, and establishing repayment terms.
Full definition
Rise aims to fill the need, by providing low barrier loans to people without some of the
predatory lending practices prevalent in the payday loan industry.
After all, recent revelations of
lending practices in the nation's real estate sector should be of concern to bank shareholders.
In the investing world, a similar type of risk might be subprime
mortgage lending practices leading to a stock market crash in 2008.
Many smaller banks were not caught up in the
riskier lending practices of the larger institutions and are still active lenders in your individual markets.
Talk with mortgage lenders, real estate agents, attorneys, and other advisors for information
about lending practices, mortgage instruments, and your own interests before you commit to a specific loan.
Provide sound financial advice to clients on credit plans utilizing knowledge of
current lending practices and strategies, finances, and business planning initiatives.
This loophole has resulted in those who were stripped of broker's licenses because of
abusive lending practices getting right back into the industry, however.
While I welcome a return to
prudent lending practices, I haven't stopped believing in real estate ownership as both a wealth builder and one of the great pleasures of life.
It's tough to say how serious the problem is; most observers regard Canadian
lending practices as generally sound.
These rules require stricter income verification and are designed to prevent the kinds of
reckless lending practices that led to the housing crisis.
People received legal advice and representation to access fair and affordable financial services and protect themselves from
deceptive lending practices.
Unfortunately, in many cases, those
loose lending practices were setting people up to fail by making it too easy for borrowers to get into homes they couldn't afford.
Ironically, one of the main factors driving this current economic downturn (recession) was the
irresponsible lending practices of the mortgage and credit card companies.
The combined rate increases and prices are still making it difficult for many to afford a new home — especially first - time homebuyers, considering
tight lending practices.
Pressure has also mounted recently on the alternative lending industry to become more transparent
regarding lending practices, fees, and terms.
In the investing world, a similar type of risk might be subprime mortgage
lending practices leading to a stock market crash in 2008.
You have to think realistically that a loan company will perform credit check on their applicants, and it's an
illegal lending practice when a company grants loans automatically on the phone.
However, government help is available to prevent predatory
credit lending practices and to provide financial resources for food, housing and medical care.
We have a whole network of lenders behind us, and each one is a professional, reputable lender with a sterling track record of
good lending practices.
Besides agreeing to end the
cited lending practices, the bank says it will conduct annual equal - credit opportunity training to officers and employees involved in setting loan buy rates.
The steady rise in student loan debt and
unhealthy lending practices has led some businesses to think more creatively when it comes to student loans.
Now that they are eliminated, the entire housing market has benefited from
cleaner lending practices and more committed buyers.
The program relies on a common sense approach to
lending practices aimed at finding solutions for clients with unique circumstances.
As we have read in the media, predatory
lending practices exist in this industry thereby often causing default, eventual foreclosure and even bankruptcy.
This contributes to the cycle of poverty, as such predatory
lending practices often result in the borrower getting deep into debt even before they can finish off principal payments.
Led team's
specialty lending practice with a concentration in high - end residential real estate, yacht, aviation and other secured and unsecured debt solutions to achieve credit goals.
Host sales meetings to keep focus on current lending market and economic input and to develop creative strategies that produce
solid lending practices.
Phrases with «lending practices»