Sentences with phrase «lending practices»

"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.
This is your best source for responsible lending practices, as well as pertinent information about the payday loan industry as a whole.
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.
We've followed prudent, conservative lending practices and did not participate in high - risk, non-traditional lending.
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.
Prior bad lending practices are destroying lending / insurance capacity in mortgages and elsewhere.
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.
Also, a package of eleven bills will be introduced to combat predatory auto lending practices in the state.
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.
Interest Only Loans were viewed as one of the worst of the irresponsible loan lending practices.
The new lending practices made home purchase possible for many of the country's working people.
It may be that the tightening lending practices in the housing arena may be contributing to the increase in credit borrowing.
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.
Quite a few of the more established firms have been in the spotlight in recent months for questionable lending practices.
Standard lending practices apply, where you can only borrow the book for a certain duration.
These are lending practices designed to take advantage of consumers with lower credit scores, fewer assets and smaller incomes.
The country has come a long way over the past half - century when racial steering and disparate lending practices were common.
Join the many customers who are leaving out dated lending practices in the past and require more from your lender.
Each school has different lending practices, and this helps the government realize if the lender is in the right or wrong.
However, government help is available to prevent predatory credit lending practices and to provide financial resources for food, housing and medical care.
Consumers have a considerable increasing in legal protection from predatory lending practices until the new laws.
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.
The department also has a strong real estate lending practice, representing both borrowers and lenders.
In addition, traditional bricks - and - mortar banks have well - established lending practices that are known to consumers.
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.
It is the same lending practice, just a different format.
When changes in credit card lending practices occurred, they began gradually.
But however personal loans meet strong competition in the financial market from personal loans online and other unconventional lending practices.
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.
That's what created artificially high housing prices because of inflation and easy lending practices.
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.
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