Sentences with phrase «loans against borrower default»

The federal government guarantees FFELP loans against borrower default and ensures that the lenders receive a market rate of return on the loans despite the lower interest rates paid by borrowers of education loans.

Private mortgage insurance typically covers the top 20 % of a home loan against borrower default (failure to pay).

Not exact matches

Mortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgage loan.

In theory, a default on a payday loan could prompt a lender to file a civil claim against the borrower.

When the loan against a home is greater than 80 % of the home's resale value, the lender is very likely to lose money in the event the borrower defaults on the mortgage.

Universities are being forced to litigate against their student loan borrowers as borrower default rates continue to rise.

Student loan lenders have particular protections against default as student loans are regularly non dischargeable unless the borrower can prove undue hardship.

Though they require as little as 3.5 percent down, the FHA loans are also more expensive because they require borrowers to pay steep insurance payments to protect against a default.

Private mortgage insurance (PMI)-- Protects the lender against a loss if a borrower defaults on the loan.

When a borrower is in default the loan becomes due in full immediately and the lender may pursue more aggressive collection techniques, such as sending the account to a collection agency or filing suit against the borrower.

This means that if the borrower defaults, they could lose their home or the value of the assets secured against the loan.

Insurance that protects lenders against losses caused by a borrower's default on a mortgage loan.

Mortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgage loan.

As mentioned earlier, the Federal Housing Administration insures mortgage loans against losses resulting from borrower default.

For example, a government - backed loan in default can subject the borrower to an administrative wage garnishment (that is, a garnishment without the creditor first obtaining a court judgment) of 15 % of disposable income, and this would be in addition to any state law garnishment by another creditor (under New York law, of several creditors have judgments against a debtor, only one at a time can garnish 10 % of wages, but a government student loan can be imposed on top of a state law garnishment.A borrower can also lose tax refunds if in default on a government student loan.

Unlike conventional home loans, FHA loans are government - backed, which protects lenders against defaults, making it possible to for them to offer prospective borrowers more competitive interest rates on traditionally more risky loans.

FHA loans are government - backed, which protect lenders against defaults, making it possible to offer prospective borrowers lower interest rates.

The agencies insure federal student loans against default and pay off lenders when borrowers default.

This is insurance that is required on certain loans, such as mortgages offered by the U.S. Federal Housing Administration (FHA), to protect the lender against the risk that the borrower will default.

Insurance that protects the lender against loss caused by a borrower's default on a mortgage loan.

By protecting the lender against loan default, FHA mortgage insurance encourages lenders to make loans to otherwise credit worthy borrowers who might not be able to meet underwriting requirements that are conventional.

FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, and multifamily properties, and some health - related facilities.

FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, some health - related facilities, and multifamily properties.

PMI protects lenders against loss in case borrowers default on their loans.

The CMHC provides mortgage loan insurance to help protect lenders against mortgage default and enables home buyers to purchase homes with a minimum down payment of 5 %, and mortgage insurance is usually required for all mortgage applications whereby the borrower is putting less than 20 % down payment of the purchase price.

The CMHC being the primary insurer of mortgage loans tries to protect the lenders and the borrowers against default.

The government (through the FHA) insures these loans against losses that result from borrower default.

The government insures the lender against losses that occur when a borrower defaults on the loan.

Indeed, if you fund Kiva loans with a US Bank Flexperks Travel Rewards card, all you have to pay for your revenue tickets is the time value of your money and the risk of your Kiva loans defaulting (which can be substantially mitigated against by carefully choosing your loans and diversifying your loans across borrowers and countries).

Many private low - down loan programs insist borrowers have good credit and also that they obtain private mortgage insurance, which is a small monthly insurance payment that insures the lender against default.

High - ratio Mortgage - A mortgage that exceeds 75 percent of the loan - to - value ratio; must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender against default by the borrower who has less equity invested in the property.

The second - priority claim against a property in the event that the borrower defaults on the loan.

Since the property itself is used as the only protection against default by the borrower, hard money loans have lower loan - to - value (LTV) ratios than traditional loans.

If the purchase money loan for any type of real property is financed by the seller and secured by that same property, the lender / seller may not obtain a deficiency judgment against the defaulting borrower / buyer..

Foreclosure A legal procedure in which the mortgage loan is in default and the property taken from the borrower and sold by the lender to pay off the loan against the property.

The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loans.

VA: Department of Veterans Affairs: a federal agency which guarantees loans made to veterans; similar to mortgage insurance, a loan guarantee protects lenders against loss that may result from a borrower default.

The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loan.