Sentences with phrase «loans meet these definitions»
You should consult a lawyer for more information about whether your loans meet these definitions.
http://www.studentloanborrowerassistance.org/ Not exact matches
It's also unclear if loans with a PRIMARQ component meet the definitions of a «qualified mortgage» (QM) and «qualified residential mortgage» (QRM), which release lenders from certain liabilities.
«A loan eligible under these special «small creditor» QM definitions must meet the general requirements of a QM, except that these loans receive greater underwriting flexibility (i.e., do not need to meet the quantitative DTI threshold of 43 percent or less).»
The Education Corps is designed to provide tutoring and after - school support but not necessarily to train future teachers.92 The VISTA program matches corps members with a nonprofit organization to perform capacity building and provides yearlong stipends, but it is not intended for provision of direct services.93 The Professional Corps, which specifies teaching as one of its qualified positions, allows participants to access Segal AmeriCorps Education Awards — which recipients can use either for loan forgiveness or for paying tuition and other qualifying educational expenses — but increases residency program costs because residents are prohibited from receiving stipends through AmeriCorps and must therefore be paid through their program or the school district.94 None of these programs were designed for supported entry specifically; thus, programs dedicated to providing a gradual on - ramp to the teaching profession can sometimes find it hard to meet their definitions and requirements.
Definition: A conforming loan is one that meets, or conforms to, the underwriting guidelines used by Fannie Mae and Freddie Mac.
If your boat meets the IRS definition of a second home, you can write off some of the expenses associated with your boat loan.
In order to meet the definition of a conforming loan, the mortgage must not exceed certain dollar - amount limits.
These rules mostly affect home equity installment loans and refinancing that also meet the definition of a high - fee or high - rate loan.
Loan interest and fees do not meet this definition.
«A loan eligible under these special «small creditor» QM definitions must meet the general requirements of a QM, except that these loans receive greater underwriting flexibility (i.e., do not need to meet the quantitative DTI threshold of 43 percent or less).»
In short, lenders can sell 100 % of loans that meet the definition of a qualified residential mortgage.
Also, they didn't do any subprime lending, because they can't: the definition of a subprime loan is precisely a loan that doesn't meet the requirement, imposed by law, that Fannie and Freddie buy only mortgages issued to borrowers who made substantial down payments and carefully documented their income.
The definition of a federal Direct Loan default is: The failure of a borrower and endorser, if any, to make an installment payment when due, or to meet other terms of the promissory note, if the Secretary finds it reasonable to conclude that the borrower and endorse
Banks are closely managing construction loan allocations, partly due to High - Volatility Commercial Real Estate (HVCRE) rules, which require all loans that meet that definition be reported separately and assigned a risk weighting of 150 percent for risk - based capital purposes.
The Federal Housing Finance Agency (FHFA) said the two government - owned companies would buy only loans that meet that definition or that are exempt from the ability - to - repay rules.
Definition: A conforming loan is one that meets, or conforms to, the underwriting guidelines used by Fannie Mae and Freddie Mac.
In order to meet the definition of a conforming loan, the mortgage must not exceed certain dollar - amount limits.
«A loan eligible under these special «small creditor» QM definitions must meet the general requirements of a QM, except that these loans receive greater underwriting flexibility (i.e., do not need to meet the quantitative DTI threshold of 43 percent or less).»
H.R. 1077 would increase choices and lower costs for borrowers by making the following modifications to the points and fees calculation used to determine whether a loan meets the Qualified Mortgage definition:
Under Dodd - Frank, loans that have points and fees in excess of three percent of the loan amount can not qualify for the Qualified Mortgage definition that allows lenders to meet the ability to repay test.