Sentences with phrase «loan guarantor»
A loan guarantor is someone who promises to repay a loan if the borrower is unable to or fails to make the loan payments. They act as a backup or a safety net for the lender in case the borrower can't pay back the loan. Full definition
The largest private student loan guarantor in the country — The Education Resources Institute, Inc. (TERI), a nonprofit organization — just filed for Chapter 11 Bankruptcy.
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Until 2008 these loan guarantees were handled primarily by The Education Resources Institute, Inc. (TERI), a nonprofit organization that touted itself as the largest private student loan guarantor in the county.
A jumbo loan applies to mortgage loans that exceed the limit — currently $ 417,000 for a one - unit property — to be backed by the government - sponsored loan guarantors Fannie Mae and Freddie Mac.
The benefits of guarantor release can be pretty substantial for educational loan guarantors.
The result of a partnership among the nation's education loan guarantors, the Electronic Common Manual offers financial aid professionals a single authoritative source for guidance regarding Federal Family Education Loan Program (FFELP) policies and regulations.
Successfully defending appeal of $ 1.6 million judgment against commercial loan guarantor, including oral argument before the Sixth Circuit Court of Appeals
«Inertia is gaining momentum,» Couch told hundreds of REALTORS ® at a regulatory forum Tuesday morning at the 2013 NAR Midyear Legislative Meetings & Trade Expo in Washington, D.C. Couch is a past president of Ginnie Mae, the FHA loan guarantor, and a past general counsel of the U.S. Department of Housing and Urban Development.
ASA ® continues its role as a federal student loan guarantor, proactively reaching out to borrowers at risk of delinquency and default, and helping avert over $ 120 million of loan defaults.
If you still don't pay, your school, the financial institution that made or owns your loan, your loan guarantor, and the federal government can all take action to recover the money you owe for your student loan debt.
The «Loan Information» tab provides key attributes of the loan, including debt coverage ratios, existing debt obligations, and the loan guarantors» credit scores.
The United States Department of Agriculture is often overlooked as a loan guarantor, but they have a program to guarantee mortgages in «rural» areas around the country.