Sentences with phrase «liquid assets requirement»

► New liquid assets requirement of 20 percent of the new Ginnie Mae HMBS net worth requirement.

Prospective and existing HMBS Issuers will have until Oct. 1, 2011, to meet the new liquid asset requirements.

Not exact matches

Although these requirements do not formally take effect in Australia until the start of next year, we have already seen a marked change in Australian banks» liquid asset holdings.

While these holdings have tended to fall relative to banks» total assets, as regulatory requirements have been eased, banks still hold between 5 and 6 per cent of assets in highly liquid forms.

Requirements may vary among lenders, but many lenders want to see half of these reserves liquid (checking or savings), and the other half can come from retirement assets.

Reserve Requirements The minimum amount of cash and liquid assets as a percentage of demand deposits and time deposits that member banks of the Federal Reserve are required to maintain.

The corporation is implementing new net worth, liquid assets, capital and servicing fee requirements for participants in its Home Equity Conversion Mortgage (HECM) Mortgage - Backed Securities (MBS) program, also known as the HMBS program.

The reserve requirements for liquid assets after closing are also less than they are for non-conforming or jumbo loans.

Among the requirements for jumbo loans are a need for liquid asset reserves (cash reserves), and an adjusted credit vetting process.

The changes to the financial requirements include an increase in the net worth requirement and new liquid asset and capital asset requirements.»

If a borrower has enough eligible liquid assets in their own name to cover the loan balance there is NO MONTHLY INCOME REQUIREMENT!

The local banking requirements for a fifty percent down payment will also likely change as time progresses and the banks have more available liquid assets.

The percentage reflects the minimum requirement of liquid assets the United States» financial institutions are required to hold by law in order to operate.

Medicaid has eligibility requirements that are set on a state - by - state basis, but it is primarily designed for those with low incomes and low liquid assets.

CBOE's request was in response to an SEC letter published in January, which highlighted the regulator's apprehensions regarding the possible lack of sufficiently liquid assets to meet daily redemption requirements.

You may be required to make an additional down payment contribution from your own funds if your «remaining liquid assets» at the time of settlement will exceed the greater of 6 months of your new housing PITI (principal, interest, taxes, and insurance) payment or $ 7,500 plus any additional payment reserve requirements that may be imposed by the first mortgage loan program.

«Remaining liquid assets» are defined as your available funds in bank accounts such as checking, savings or money market accounts that are readily accessible without withdrawal restrictions or penalties after you have met any out - of - pocket settlement requirements from your own funds.

For example, buyers shouldn't have to deplete liquid assets to come up with the necessary down payment on a home; that's one reason the NATIONAL ASSOCIATION OF REALTORS ® is fighting to prevent regulators from setting guidelines that would lead to high down - payment requirements (see «What We're Fighting For»).