Sentences with phrase «mortgage against resulting»

Not exact matches

Just like a thorough vetting of cabinet nominees could have foreseen the scandals that later emerged, a thorough vetting and review process for the monster tax cut legislation would have cautioned against such radical moves in the face of massive maturing supply, a trimming Fed, and a debt - strapped consumer that is seeing higher interest rates on mortgages and credit cards as a result of the spike in rates.

You borrow against the equity built up as a result of paying your mortgage, so the more you've paid down, the more you can borrow.

In 2006, it lost 18 % of its value, largely as a result of Burryâ $ ™ s bet against the subprime mortgage market.

FHA insures mortgage lenders against losses associated with its loan programs: failing to pay taxing authorities can result in liens against your home.

As mentioned earlier, the Federal Housing Administration insures mortgage loans against losses resulting from borrower default.

The Federal Housing Administration ensures the mortgage lender against losses that may result from a borrower default.

This insurance protects lenders against financial losses that result when homeowners default and stop making their mortgage payments.

Note that FHA loans require mortgage insurance to protect lenders against losses that result from defaults on home mortgages.

If a property is sold as the result of a mortgage default, but the sale does not generate enough money to pay the outstanding balance and all associated costs, fees and interest, the insurer will pay the shortfall to the bank and will then have the right to enforce against each borrower personally for the deficiency.

This coupled with the fact that these loans are paid off more quickly result in a huge amount of interest savings over the life of the mortgage when compared against a 30 year mortgage.

If the terms of a mortgage loan contract requires a borrower to purchase both a homeowners» insurance policy and a separate hazard insurance policy to insure against loss resulting from hazards not covered under the borrower's homeowners» insurance policy, a servicer must disclose whether it is the borrower's homeowners» insurance policy or the separate hazard insurance policy for which it lacks evidence of coverage to comply with § 1024.37 (c)(2)(v).

Result: You have a large hedge against inflation (your mortgage), can move anywhere at any time (you're renting), and a secondary source of income (your tenant), subsidising your rental costs.

The FHA began developing a loan defect taxonomy several years ago in response to the False Claims Act litigation the Justice Department filed against FHA lenders, which resulted in large fines and prompted many banks to exit the FHA single - family mortgage program.

Representative Trial Experience: • Rosa Construction, Inc. v. Capstone Builders, Inc. et al. v. Sterling Savings Bank, Montana Eighteenth Judicial District Court (2013): Five day jury trial resulting in the permanent discharge of Capstone's improper construction lien against Rosa's real property, affirming the priority of Sterling Savings Bank's mortgage on Rosa's real property, and awarding $ 1,425,000 in compensatory damages against Capstone for recording an improper lien on Rosa's real property and interfering with the Bank's mortgage interest.

Barclays has faced intense public scrutiny in recent years: from the Serious Fraud Office's investigation into the bank's # 12bn fundraising at the height of the financial crisis, which resulted in criminal charges against the bank and former executives relating to a # 2.3 bn loan Barclays provided to Qatar, a multibillion - dollar legal battle with the US Department of Justice over allegedly - fraudulent mortgages and a New York currency trading probe that ended in a $ 150m settlement.

Based on the results of the CFPB's reverse mortgage advertising study, it is apparent that the agency could be just steps away from sweeping enforcement actions against reverse mortgage lenders and advertisers.

Private Mortgage Insurance (PMI) Insurance written by a private company to protect the lender against loss resulting from nonpayment or default.

The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loans.

VA: Department of Veterans Affairs: a federal agency which guarantees loans made to veterans; similar to mortgage insurance, a loan guarantee protects lenders against loss that may result from a borrower default.

The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loan.