Sentences with phrase «make sure our borrowers»

Ron Haynie, vice president of mortgage finance policy at the Independent Community Bankers of America, said if a bank is willing put up private capital and hold a loan in portfolio, then it has a vested interest in making sure a borrower can repay.

It has announced plans to reconsider a rule that would have imposed restrictions on payday and short - term lenders, such as making sure borrowers would be able to pay them back, and delayed a rule on prepaid cards that increased consumer protections.

Great Lakes doesn't actually play a role in determining repayment options, but rather makes sure the borrower is being charged the appropriate amount given the plan he or she has selected.

Lenders review them to make sure a borrower isn't taking on too much debt, with the addition of the mortgage loan.

The Self Select ISA is for experienced P2P investors who have the time to hand - pick which businesses they want to lend to, making sure borrowers match their appetite for risk.

Lenders pull credit reports before the closing to make sure the borrower's financial situation has not changed since the loan was approved.

In light of this, the federal government is making sure borrowers get all the best benefits... Click to read more

In other words, the lender must request enough paperwork to make sure the borrower can afford the loan.

No direct lender should claim there's 100 percent acceptance guaranteed, because all responsible lenders will carry out affordability and credit checks to make sure the borrower can repay the loan.

We want to make sure our borrowers understand all the terms of their loans and how we operate as a company.

And our poll shows a strong majority in Wisconsin support reforms to help make sure these borrowers are being treated fairly by a system that, as of today, does not do so.»

To make sure its borrowers aren't cash - strapped, then, the agency requires VA lenders to verify a minimum residual income amount per household, varied by family size and by state.

In fact, that is partially how we have this mortgage crisis right now, mortgage brokers didn't make sure the borrowers fully understood the loans they were getting like they were required to do.

Saving up money for a down payment and closing costs, making sure the borrowers» credit score is high enough and credit report is in good shape are necessary steps to take to buy a home.

At Mid America Mortgage, Inc. we know what questions to ask to make sure borrowers and the condominiums themselves are eligible for consideration.

But before you co-sign for anybody, 1) do understand the risks, 2) make sure the borrower knows what happens to your credit as a co-signer if she doesn't pay, and 3) ask whether there's a way for your obligation as co-signer to be removed after a certain portion of the debt has been repaid and maybe your friend builds a bit of a — stellar, right?

Lenders must also make sure borrowers can actually afford their monthly payments using a formula based on income, assets, savings and debt.

Just like any financial institution extending credit, they will want to make sure the borrower is financially solvent enough to handle significant losses.

«But what's important is that we still verify all income and assets, and look closely at all factors to make sure the borrowers can repay the loan.»

Our lenders want to make sure all borrowers are certain going forward with a loan.

«We want to make sure our borrowers can repay their cash advances.

Forbes contributor Mark Greene explained if lenders follow this «ability - to - repay rule» and demonstrate they did everything they could to determine a borrower was reliable, they won't have to buy back the loan even if the borrower defaults.1 The more proof a lender has that he or she did everything possible to make sure the borrower was in good financial standing, the more protected that lender will be.

And on Oct. 17 he rolled out a myriad of housing - related measures, including new rules requiring all insured mortgages to undergo stress tests to make sure borrowers will still be able to make their payments if interest rates go up.

Publicize the benefits of Account Access to make sure these borrowers stay in contact with their servicer!

Overall, Earnest wants to make sure borrowers are taking their future as seriously as they are.

Before lending money, banks and other creditors look to a consumer's credit history — basically a record of whether or not you've paid your bills — to make sure the borrower is likely to repay them.

The rules require lenders make sure borrowers can repay the loans or limit the size of loans to $ 500.

Maintaining performance tracker as well as making sure borrowers are aware with modification process and where the account currently stands.

Following the 2007 - 2009 financial crisis, the Dodd - Frank law created the Consumer Financial Protection Bureau, which issued rules that would force lenders to make sure borrowers could pay back loans to avoid the steep losses that banks experienced before.

Mortgage lending is a risky business, and lenders want to make sure the borrower is able to pay the loan back.

After poor underwriting standards helped fuel the 2007 - 2009 financial crisis, the Dodd - Frank law created the Consumer Financial Protection Bureau and told it to write rules that would force lenders to make sure borrowers could pay back loans.

The aim is to make sure borrowers have enough discretionary income to cover everyday needs like gasoline, groceries and medical bills.

Lenders pull credit reports before the closing to make sure the borrower's financial situation has not changed since the loan was approved.

The lender will review the above factors and make sure the borrower exhibited satisfactory credit prior to economic event, the derogatory credit occurred after the economic event, and that the borrower has re-established satisfactory credit for a minimum of twelve (12) months.

«The intent should be to broadly make sure borrowers can repay their loans and sustain homeownership instead of this narrow approach,» Burns says.

This is to make sure borrowers understand each cost and the consequences of taking this type of loan.

Not exact matches

Today, the President announced that his Administration is putting forth a new «Pay As You Earn» proposal to make sure these same important benefits are made available to some borrowers as soon as 2012.

Both JD Power's 2017 survey of mortgage borrowers and the CFPB's data on mortgage - related complaints point to Quicken's enormous lead in making sure that customers receive the service and support they want.

But it's up to you, the borrower, to make sure your credit remains strong so you can have access to more opportunities to borrow if you need to.

And if you're a student loan borrower, you should make sure you have enough money to cover your loan payments before dabbling in cryptocurrency.

We review the application to make sure that the Borrower meets the initial criteria.

Kantrowitz encourages borrowers to make sure they receive both letters and to review their information to ensure it's up to date.

It makes you a riskier borrower, sure, but not all lenders will deny you because of this.

The best mortgage rates are almost always reserved for the borrowers with the best credit, so make sure you do everything you can to approach your lender with the best possible credit scores.

The Securities and Exchange Commissions has been working to regulate online lenders to make sure both borrowers and lenders are protected.

Lenders that do student loan refinancing look for borrowers with excellent credit scores, good salaries and steady jobs, so make sure your credit history is in great shape before you apply.

To meet the needs for every borrower that comes through our doors, we make sure to continually expand our loan program portfolio.

We value communication and make sure all of our borrowers are making sound, informed decisions.

One caveat for borrowers considering a 10 - year loan: Make sure you have sufficient income to handle the payments as well as contributing to your retirement fund and other investments.

Make sure the sites where you supply crucial financial information are secure and you will want to check out potential lenders through the Better Business Bureau or online financial forums that exchange information among other borrowers.