Sentences with phrase «loans outstanding on»

Traditional mortgage lenders want to know a borrower's individual credit history and income, and probably wouldn't allow a borrower to have loans outstanding on half a dozen properties at once, not an uncommon practice among flippers.

Joe Rogers, executive vice president of Wells Fargo Home Mortgage, said the bank is in regular talks through a «hot line» with other banks to speed decisions on short sales that involve more than one bank with loans outstanding on a property.

If these houses are ranked upon the amounts of foreign loans outstanding on March 1, 1935, J. P. Morgan with 19.87 per cent, National City Co. with 11.71, Dillon, Read with 11.44, Chase, Harris, Forbes with 8.45, Guaranty Co. with 6.68 per cent, Bancamerica - Blair with 6.18 per cent, and Lee, Higginson with 4.23 per cent all rank above the highest Jewish house, which is Kuhn, Loeb with 2.88 per cent.

If you do have a loan outstanding on such a policy at the time of your death, this loan reduces the benefit amount to a beneficiary.

Often times as long as there is no loan outstanding on the policy, a withdrawal can be made up to the entire surrender value.

Not exact matches

So if you're currently owed # 10,000 in outstanding invoices you could access up to # 9,000 of that instantly in the form of a loan or line of credit, depending on the terms of the agreement.

For federal student loans, regulations stipulate any extra payment goes first to outstanding fees (like late fees), then to interest accrued since your last payment, and then to the principal of the loan, said Betsy Mayotte, director of consumer outreach and compliance for American Student Assistance, a nonprofit focused on higher education financing.

If a friend or relative has co-signed on a debt for you — private student loans, for example, or a car loan or mortgage — they could be on the hook for the amount outstanding if you were to die.

The assets come over unencumbered by outstanding liabilities, so the new debt on these and the accompanying interest payments on this new loan could be a very good fit with the overall financial picture of the post-deal enterprise.

The interest rate on the outstanding borrowings pursuant to the Senior Secured Term Loan

There is no scheduled amortization under the Asset - Based Revolving Credit Facility; the principal amount of the revolving loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8, 2013.

The interest rate on the outstanding borrowings pursuant to the Senior Secured Term Loan Facility was 4.00 % at April 27, 2013.

(g) There are no outstanding loans or indebtedness involving the Company, on the one hand, and any of the Company Stockholders, on the other hand.

At the time outstanding loan balances are forgiven, a borrower is taxed on that amount as income.

The panel is based on credit report data collected by Equifax (one of the three credit bureaus in the United States) and it contains information on all outstanding loans — including mortgages, auto and student loans, and credit card debt — at the individual consumer level.

You are a first - time borrower for interest subsidy purposes if you had no outstanding balance on a Direct or FFEL Program loan on July 1, 2013, or on the date you obtained a Direct Loan after July 1, 2loan on July 1, 2013, or on the date you obtained a Direct Loan after July 1, 2Loan after July 1, 2013.

The interest rate offered on consolidated federal student loans is fixed but varies for each borrower because it is the weighted average of the interest rates on outstanding loans included in the consolidation, rounded up to the nearest one - eighth percent.

Student loan forgiveness is the process of having outstanding loan balances canceled after a period of on - time, consistent monthly payments.

Any borrowers on the PAYE program has the option to request forgiveness of outstanding loan balances at the end of 20 years of on - time, consecutive payments.

From around the middle of 2017, the average interest rates on the stock of outstanding variable interest - only loans increased to be about 40 basis points above interest rates on equivalent P&I loans (Graph 2).

Make sure to collect the current outstanding balance, interest rate, term, and monthly payment amount on each loan.

Taken as a whole, 5.6 percent of shares outstanding on the S&P 500 retail were on loan to short - sellers by the end of last week.

If interest is capitalized, your total outstanding loan balance will increase, which means more interest will accrue on your loans each day.

The Pennsylvania legislature recently passed a bill that will ensure borrowers are up - to - date on their student loan debt.The average Pennsylvania college student graduates with $ 35,000 in student loans, which is higher than any other state in the U.S. And within three years of graduation, 10 percent of Pennsylvania student loan borrowers default on their debt.In order to combat this problem, the Pennsylvania House of Representatives recently passed a bill that would ensure students stay informed about how much debt they are accumulating.HB 2124 would require all colleges and universities to provide annual notices to students about their outstanding student...

Forbearance is similar to deferment in that it temporarily halts payments due on an outstanding federal student loan.

A new borrower is one who did not have an outstanding balance on a Direct Loan or a Federal Family Education Loan (FFEL) as of the date in question.

When a lender receives payments on a loan, the payment is applied first to late charges and collection costs, then to outstanding interest and then to outstanding principal.

This means that in the event that a borrower fails to repay, we would seek to recover the outstanding loan by selling the property and passing the proceeds on to investors.

Those borrowers, who had an average of $ 56,202 in student loan debt outstanding, will realize those savings through interest rate reductions of 1.71 percentage points on average, and shorter loan terms on their new loans (about 5 years on average).

You are a new borrower or had no outstanding balances on a federal student loan when you received the new loan.

These mortgage loans have an outstanding unpaid principal balance of approximately $ 1.8 trillion as of September 30, 2009... While Freddie Mac continues to evaluate the impacts of adoption, the company expects that the adoption could have a significant negative impact on its net worth.»

PMI protects lenders against the risk that the value of the home will fall below the outstanding principal balance on the mortgage, leaving the borrower «underwater» on the loan.

WASHINGTON, D.C. (November 7, 2013)-- The delinquency rate for mortgage loans on one - to - four - unit residential properties decreased to a seasonally adjusted rate of 6.41 percent of all loans outstanding at the end of the third quarter of 2013, the lowest level since the second quarter

* For the IBR Plan, you're considered a new borrower on or after July 1, 2014, if you had no outstanding balance on a William D. Ford Federal Direct Loan (Direct Loan) Program loan or Federal Family Education Loan (FFEL) Program loan when you received a Direct Loan on or after July 1, 2Loan (Direct Loan) Program loan or Federal Family Education Loan (FFEL) Program loan when you received a Direct Loan on or after July 1, 2Loan) Program loan or Federal Family Education Loan (FFEL) Program loan when you received a Direct Loan on or after July 1, 2loan or Federal Family Education Loan (FFEL) Program loan when you received a Direct Loan on or after July 1, 2Loan (FFEL) Program loan when you received a Direct Loan on or after July 1, 2loan when you received a Direct Loan on or after July 1, 2Loan on or after July 1, 2014.

Someone who has no outstanding balance on a Direct Loan or Federal Family Education Loan (FFEL) Program loan when he or she receives a Direct Loan or FFEL Program loan on or after a specific dLoan or Federal Family Education Loan (FFEL) Program loan when he or she receives a Direct Loan or FFEL Program loan on or after a specific dLoan (FFEL) Program loan when he or she receives a Direct Loan or FFEL Program loan on or after a specific dloan when he or she receives a Direct Loan or FFEL Program loan on or after a specific dLoan or FFEL Program loan on or after a specific dloan on or after a specific date.

(a) Average of nominal interest rates on outstanding loans (fixed and variable); pre terms of trade boom average is 1993/94 — 2002/03; year - ended observation is the June quarter 2016 average (b) Consumer price data exclude interest charges prior to September quarter 1998 and deposit & loan facilities to June quarter 2011, and are adjusted for the tax changes of 1999 — 2000 (c) Pre terms of trade boom average is 1997/98 — 2002/03

In part, this increase reflects the entry of mortgage originators who rely predominantly on securitisation for funding — they currently account for around 10 per cent of outstanding housing loans.

The reason for 60 days is that this is the deadline to complete an indirect rollover into a new retirement account (if your employer were to cash out your entire balance and hand you a check) and pay back any outstanding loans on your 401 (k)(if not paid, they become taxable income and may even trigger penalties).

A bank can foreclose on a home that has $ 100 in outstanding loans as easily as it can take a home with $ 1 million in outstanding loans — in fact, much easier.

As at the end of December 2007, the arrears rate was 4.5 per cent of the number of outstanding non-conforming loans in Australia, above the 0.25 per cent arrears rate on securitised Australian prime loans, but significantly below the equivalent arrears rate on sub-prime loans in the US (Graph 14).

2 Average of nominal interest rates on outstanding loans (fixed and variable).

Pulling this all together, the average interest rate paid on all outstanding loans has increased since late last year, but only by about 10 basis points.

This feature is not apparent in the data I've shown here, which is based on the current LVR for the stock of outstanding securitised loans, including those that are well advanced in age.

Actual rates paid on outstanding loans differ from these for a few reasons.

This is the third time in the past four years that the government has had to write off outstanding loans for reasons that include bankruptcy, the six - year legal limit on collection and debtors who can no longer be found.

Subtract the balance of the loan still outstanding on your mortgage from the appraised value of your home.

The less debt accrued or outstanding loans required to begin or maintain their business allows veterans more opportunity to focus on managing their companies and optimizing their products and services.

This means that, on average, 80 % with a car loan have an outstanding balance that is about 50 % of their annual salary.

If the Department finds that borrowers with outstanding loans were defrauded, and is only now accepting applications for relief, it should not limit relief based on how long it took to set up a process for applying for relief.