Sentences with phrase «much higher default rate»

Due to the fact that borrowers experienced a much higher default rate on taxes and insurance when 100 % of the funds were taken at the initial draw, HUD changed the method by which the funds would be available to borrowers which no longer allows all borrowers access to 100 % of the Principal Limit at the close of the loan.

Not exact matches

A default could result in Valeant having to pay back its loans immediately — something that would be very hard for it to do — or face much higher borrowing rates.

According to a report by the Government Accountability Office, borrowers 65 and over are defaulting on their loans at a much higher rate.

Default on your mortgage and every future lender will either deny you credit or charge you much higher rates... and rightly so.

For older borrowers who rely on student loans to finance their own education, government statistics show their default rate is much higher than that of younger borrowers.

While much attention has been given to the high rates of default among dropouts (24 percent), defaults are actually even higher among those who complete a postsecondary certificate (28 percent).

For example, those who carry high average balances on credit cards tend to default at a much higher rate.

However, a slightly higher interest rate is much less damaging than a defaulted student loan or multiple loans showing 60 days past due on your credit report.

Across the border, home owners are defaulting on their mortgages in record numbers because they loaded up on mortgage debt at teaser rates and are unable to make mortgage payments when the rates reset at a much higher level.

However, what we've found is that the default rate is much more consistent than high yield bonds.

In many instances this also triggered a default rate much higher than the existing interest rate charged to the account.

In the example listed above, failure to make a timely payment may trigger the default APR, which is a much higher interest rate in most cases than the one a consumer typically has attached to their account.

The fact is that there are major greater risks on non-owner occupied investment homes than owner - occupied 2nd homes as the default rate with investment properties is much higher.

Looking for college and school loans outside of the traditional methods can be very risky, as the rates are usually much higher, the terms are not as forgiving, and the penalties for default can be severe.

Companies that don't request such information tend to charge much higher interest rates because they can not determine default risk accurately.

This leads to higher recovery rates than common stock, while at the same time offering much lower default rates compared to high - yield bonds.

These borrowers are associated with a higher risk of defaulting on their loan payments or on the loan as a whole, and to offset that risk they will be charged much higher interest rates than traditional mortgages.

The rate of default is much higher for high - yield bonds, fittingly referred to as junk bonds.

Sorry I mean't to add one other thought, if the card holder is carrying a high balance and their interest rates increase like the banks have been raising in recent months, this could backfire on the banks themselves, I mean since the banks give a 45 notification of the increase and the consumer is already maxed out and can barely make the payments as it is, the increased interest rates because of how the congress requires at least all the monthly interest and some of the principle to be paid on the cards, done so that consumers could reduce the amount of time to illiminate their debts, this may spawn many card holders whoms payments will increase much like those adjustable rate mortgages that people walked away from to go wild with their remaining balances on the card and then default, the whole irony is that the consumer may very well use the card thats damaging them to pay for bankruptcy proceedings lol!

Please note that second mortgage rates are usually higher than first mortgage rates, because the risk factor for defaults is much greater with 2nd mortgages.

Those with limited credit, who do gain approval for a credit card or loan, will find themselves paying much higher rates and pricing due to their greater risk of default.

Available data indicate that borrowers 65 and older hold defaulted federal student loans at a much higher rate, which can leave some retirees with income below the poverty threshold.

Or, something entirely different... the US Government builds up so much debt, and is constrained politically from inflation or higher interest rates, that it decides to default on external obligations.

With that being said, HYMB targets bonds that are rated below investment grade and thus contains issues that have a much higher chance of default.

So they charge fees upfront along with high interest rates so that when someone does default, they've already paid as much as the lender can get from them.

One thing to keep in mind is that no matter how big your rewards or how high your cash back rate — your card's default APR is probably much higher.

Professor Dodson said mandatory sentencing, imprisonment for fine defaults, «paperless» arrest laws, tough bail and parole conditions and punitive sentencing regimes had all contributed to high incarceration rates, along with funding cuts to frontline legal services and inadequate resourcing for much needed diversionary programs (read more here in the Fairfax report of his speech).