Sentences with phrase «loan underwriting practices»

Not exact matches

It also criticized the qualified mortgage loan change as a dramatic expansion that «gives lenders a major safe harbor for nontraditional underwriting practices reminiscent of those that caused the crisis.»

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

FHA is certainly sending a strong message to current and future approved lenders deviating from FHA guidelines (other than the ongoing practice of «investor overlay, which occurs when FHA lenders arbitrarily increase minimum credit scores and / or underwriting criteria for FHA loans).

Faulty loan underwriting, lending discrimination, and sloppy loan approval practices cost FHA as the agency insures mortgage lenders against losses incurred when mortgage loans fail.

But blaming low - income families and casting them as unfit to own a home ignores decades of successful mortgage lending before the subprime boom — before reckless underwriting and aggressive marketing of unsustainable loans became common financial industry practice.

In addition to being expensive, companies that provide car loan (or mortgage) life & disability insurance often practice post-claim underwriting.

A put - back occurs when a lender has to repurchase loans it sold to Fannie or Freddie, due to faulty origination or underwriting practices.

Guidelines included interest rates, underwriting practices, and other loan terms and suggested lending practices.

NAR believes pristine loans are the result of excessively tight underwriting, not sound business practices.

Lending Policies, Custom and Practice / Lender Liability Broker Standards of Care and Fiduciary Responsibility Loan Underwriting and Credit Administration Loan Process and Bank Loan Restructure / Workout Process Note Valuations / Collateral Review Litigation and Discovery Consulting Banking Operations / Administration Specialty Niche in SBA Real Estate Lending Construction RE Lending & Administration Expert reports adherent to Federal Rule 26 Loan Syndication / Secondary Market Loan Sales Title Insurance Cases Experienced in trial and deposition testimony

And then our lending officers use their knowledge, expertise and ingenuity to develop structured loans that meet a client's current and longer term requirements, while maintaining our prudent underwriting practices.»

NAR believes pristine loans are the result of excessively tight underwriting, not sound business practices.

While lenders generally say underwriting practices have remained disciplined, lenders are tightening their loan spreads.

Jacques has developed extensive knowledge on the products and policies of mortgage loan insurance, CMHC underwriting practices and risk tolerance levels.

A second initiative is to promote education among loan officers and the larger lending industry on the unique differences of sustainable buildings, and more importantly, how to incorporate those nuances into underwriting practices.