Sentences with phrase «of other borrowers»

And millions of other borrowers chose loans that didn't meet eligibility requirements for the program.

This information is then compared to the historical record of other borrowers and their repayment rates to determine an individuals credit risk.

With more than 850,000 private student loans currently in default and thousands of other borrowers struggling to make their payments, attorneys at the National Consumer Law Center (NCLC) are urging the Consumer Financial Protection Bureau (CFPB) and policymakers to help borrowers struggling to keep up with their private student loan payments.

With more than 850,000 private student loans currently in default and thousands of other borrowers struggling to make their payments, attorneys at the National Consumer Law Center (NCLC) are urging the Consumer Financial Protection Bureau (CFPB) and policymakers to help borrowers stru

The identities of other borrowers is not known.

Finally, by allowing the size of the Fed's balance sheet — formerly a crucial determinant of the Fed's monetary policy stance — into a «free parameter,» the new set - up makes the Fed vulnerable to the Treasury's importuning, if not to that of other borrowers.

You can split your entitlement evenly, or you can combine the remaining entitlement of one borrower from a previous VA home loan with the remaining entitlement of the other borrower.

Treasury bonds (or alternate benchmarks, such as the noncallable bonds of some other borrower, or interest rate swaps) are generally not available with maturities exactly matching MBS cash flow payments, so interpolations are necessary to make the OAS calculation.

Not exact matches

Some observers predict that such borrowers will be forced to tap networks of small investors who lend through mortgage brokers, as well as mortgage investment corporations — in other words, the most remote corners of Canada's shadow banking sector, which accounts for 40 % of Canada's banking space.

Aside borrowers, investors benefit from regular monthly returns at an average rate of 15.5 per cent, which is significantly higher than other asset classes.

Similarly, under the financial reform law enacted after the financial crisis, we publicly report in detail on our lending programs and securities purchases, including the identities of borrowers and counterparties, amounts lent or purchased, and other information, such as collateral accepted.

These types of loans also carry other risks, such as demand provisions under which a bank can arbitrarily demand repayment, as well as high default rates, putting borrowers in a difficult spot.

To many bankers and others in the industry, SBAExpress occupies the middle ground between a conventional bank loan and traditional 7 (a) credit — trotted out when a borrower is «just a little bit of a stretch beyond the normal credit limits,» according to Joel Pruis, portfolio management analyst at the Indianapolis consulting firm Baker Hill.

Rich Palma, president of Golden Pear Funding, said plaintiffs who take out advances receive better protection than borrowers may in other lending situations, because their own lawyers typically review, and often sign, advance agreements.

The second phase, known as «application and inducement,» requires the potential borrower to fill out an application packet that provides the agency with details of the project costs, the company's financial stability and other information that's traditionally passed between lender and borrower.

It is what makes possible the very popular 30 - year fixed - rate mortgage with a down payment that is manageable for a wide swath of creditworthy borrowers (20 %, with or without primary mortgage insurance for a conforming borrower), but also maintains other underwriting standards as well.

If the funds are obtained through increased government borrowing, then the purchasers of this increased supply of government bonds will be curtailing their lending to other borrowers / spenders or will curtail their own spending in order to purchase the government bonds.

Like other high - cost lenders, the company touts its products as an option for borrowers who might not qualify for other sources of credit.

Overall, Treasury yields, which influence the interest rates that borrowers pay on mortgages and other loans, have been «remarkably stable» given the Fed could raise rates against the backdrop of ongoing turmoil in global markets, said Kathy Jones, chief fixed income strategist at Schwab.

As much as two - thirds of online lending portfolios that have been sold to the market in recent months contain consolidation loans, Pratt says, which essentially are loans desperate borrowers take out to get out of other loan obligations.

Some borrowers have no credit history or were saddled with bad credit as a result of a divorce or other issue.

The organization that made the loan initially; the lender could be the borrower's school; a bank, credit union, or other lending institution; or the U.S. Department of Education.

To further increase the possibility that all borrowers have a fair opportunity to request a foreclosure review, the Comptroller of the Currency and the Chairman of the Board of Governors of the Federal Reserve System should require that servicers include a range of potential remediation amounts or categories in communication materials and other outreach, such as direct mailings to borrowers, public service announcements, the independent foreclosure review website, regulators» websites, and officials» testimonies and speeches.

There are other factors to consider (the side benefits of federal consolidation loans for example), and there are additional strategies not covered in this scenario that some borrowers may be able to utilize.

TransUnion and Equifax collect credit information, including a borrower's payment history, debt load, maximum credit limits, names and addresses of current creditors, and other elements of their credit relationships.

In other words, one - third of payday loan borrowers accounted for two - thirds of payday loans made in Washington State in 2009.

This type of automatic payment is also good for borrowers because, among other things, it has the potential to help a small business eliminate cash flow lumpiness by making more frequent and smaller debits on a daily or weekly basis as opposed to requiring a large loan payment on a monthly basis — although that is not the only benefit to small business owners.

They'll work with a borrower who has a score of 650 — provided other business metrics are in order.

A number of operational features were required to implement such an overnight reverse repo, or ON RRP, facility: It would need same - day settlement; 16 the operation would need to be run predictably, every day, and as late in the day as possible, to give lenders time to bargain with other counterparties using the outside option of investing with the Federal Reserve; 17 an appropriate spread below IOR would be required to ensure that the facility neither induced large changes in the structure of money markets nor lost the ability to support interest rate control; 18 and the operations would need enough unused capacity that lenders could credibly propose to leave borrowers that did not offer an adequate interest rate.19

[2] Indeed, to my mind, the value of these initiatives has been less the «integration» aspect than the progress made in enabling eight local bond markets to function more effectively for foreign and domestic investors and, not least, for the governments and other borrowers of those countries.

When there is a loss of job, disability, or other circumstance causing a financial hardship, federal student loan borrowers have the opportunity to request a forbearance or deferment of their payments for a set period.

At this time, only federal direct loans are eligible for PSLF, but a consolidation of other types of loans may indirectly provide loan forgiveness to some qualified borrowers.

It is common for borrowers to build up savings in the form of offset accounts, redraw balances or other assets.

Among his other accomplishments, he led a group of 20 law firms that prosecuted cutting - edge class action cases against financial institutions, such as Countrywide, Wells Fargo, and JPMorgan Chase, concerning destructive negative amortization loans that unknowingly caused borrowers to assume tens of thousands of dollars of additional debt.

When virtually every global financial institution is exposed to one other in today's world of free flowing capital markets, where do you hide when bankrupt borrowers like Greece default?

While refinancing can be helpful, borrowers should weigh all the options available to them; review their financial status; and speak with family, a financial advisor, a college guidance counselor, or other certified professionals who can help review the pros and cons of refinancing before making a final decision.

The goal of yield maintenance is to allow the conduit lender to reinvest the money returned from the borrower, plus a penalty fee, into bonds or other investments and receive the same cash flow as if the loan hadn't been paid off early.

During this time we often also see informal kinds of partial debt forgiveness, for example when sovereign borrowers have repurchased their obligations in the secondary market at steep discounts, often secretly, or exchanged their obligations for other assets at a discount, for example the famous debt / equity swaps in several Latin American countries in the 1980s (see footnote 3).

SoFi allows borrowers to choose between a fixed rate or a variable rate, an option that isn't offered by Avant and the majority of other personal lenders.

For instance, the Income - Driven Repayment program sets aside a portion of a borrower's income during repayment, and others such as the Pell Grant program try providing alternatives to student loans

China's debt problems, in other words, can not be resolved administratively, by fixing the shadow banking system, by imposing discipline on borrowers, or indeed by eliminating financial repression (much of which, by the way, has already been squeezed out of the system by lower nominal GDP growth).

The borrower must have a credit score of 550 or more, though borrowers with lower credit scores may still qualify if they meet the other requirements.

A new survey by Student Loan Hero finds borrowers are misinformed about interest, repayment, and other major aspects of their student loans.

Generally speaking, we prefer OnDeck for borrowers who want term loans over $ 300,000 or who can not meet some of the eligibility criteria at other lenders.

Your credit score reflects how reliable you are as a borrower, and is determined by your track record of borrowing and repaying banks, credit card companies and other lenders.

The PMI companies noted an uptick in mortgage borrowers with debt - to - income above 45 % along with other credit risks in the latter half of 2017.

Unlike other lenders that cater to borrowers with poor credit, OnDeck offers large loan amounts of up to $ 500,000 and terms longer than one year.

We recommend these borrowers consider loans covered in the other sections of this article.

The stimulus comes from the refinancing activity, which increases the amount of income that borrowers have available for other expenditures.

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...