Sentences with phrase «loans in default incur»
Not exact matches
The FHA reimburses lenders for a portion of incurred losses in the event that their FHA - insured loans default, or go to short sale or foreclosure.
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Bad credit student loans already have high interest rates compared to regular student loans but if you also default on the loan, you can incur in penalty fees and additional charges.
In the event that the borrower defaults on the loan, he or she agrees to give up that collateral in order to pay off the debt they've incurreIn the event that the borrower defaults on the loan, he or she agrees to give up that collateral in order to pay off the debt they've incurrein order to pay off the debt they've incurred.
In addition you will most likely incur large penalties when the loan is reported as being in defaulIn addition you will most likely incur large penalties when the loan is reported as being in defaulin default!
A spokesman said: «We charge a one - off default fee of # 30 on late repayments that reflects the additional costs we incur in collecting these loans.
Funding Fees Funding fees, as seen in loans offered by the VA and Navy Federal Credit Union, are fees paid by all borrowers that help cover losses incurred by the organization on any loans that go into default.