Sentences with phrase «meaningful financial reserves»

Collection accounts or charged - off accounts that exceed the above limits do not have to be paid off at or prior to closing, provided all of the following are documented: a strong credit profile, meaningful financial reserves, evidence that the accounts pose no threat to Fannie Mae's first mortgage lien and evidence that the outstanding accounts are not likely to affect the borrower's equity position.»

Not exact matches

In the opinion of the Company's management, a discussion of loss reserve development is meaningful to users of the financial statements as it allows them to assess the impact between prior and current year development on incurred claims and claim adjustment expenses, net and core income (loss), and changes in claims and claim adjustment expense reserve levels from period to period.

In the opinion of the Company's management, this measure is meaningful to users of the financial statements to understand the Company's periodic earnings and the variability of earnings caused by the unpredictable nature (i.e., the timing and amount) of catastrophes and loss reserve development.