Sentences with phrase «on behalf of the borrower for»

A look at HUD 4155.1 revealed no language that included a requirement for the seller to pay closing costs on behalf of the borrower for an FHA home loan.

Not exact matches

In addition, borrowers who have lump - sum payments made on their behalf under a student loan repayment program administered by the U.S. Department of Defense may also receive credit for more than one qualifying PSLF payment.

NOTE: To qualify for forgiveness of a parent PLUS Loan you, the parent borrower, not the student on whose behalf you obtained the loan, must be employed by a public service organization.

Lenders now understand that few people may be willing to take such a risk on somebody else's behalf, and also know that not every borrower knows somebody in such a position to qualify for the role of guarantor.

Some private companies will attempt to get frazzled borrowers to pay them a fee for «help» obtaining a Direct Consolidation Loan, or charge a fee to submit the application on behalf of the borrower.

According to the Department of Education, «Parents who received a Direct PLUS Loan may qualify for forgiveness of the PLUS loan, if the parent borrower — not the student on whose behalf the loan was obtained — is employed by a public service organization.»

** This repayment example is based on a typical loan to a borrower (on behalf of a student) who chooses a variable rate and the Interest Repayment Option for a $ 10,000 loan, with two disbursements, and a 9.73 % variable APR..

Loan forgiveness granted for death or permanent disability of the borrower or if the student on whose behalf a parent obtained the loan dies

FedLoan Servicing manages «more than a quarter of the nation's $ 1.4 trillion student loan debt on behalf of various lenders for millions of borrowers across the United States.»

Analyzing cardholders» spending habits and debt for purposes of assessing their present financial status Teaching debtors how to rebuild credit and establish a positive credit score Creating a debt - elimination plan to enable borrowers to attain their financial objectives Negotiating lower payments and interest rates on behalf of their clients Supplying a multitude of calculators as an aid for debt analysis Furnishing financial educational pamphlets

A servicer may undertake reasonable procedures to determine if a person that claims to be an agent of a borrower has authority from the borrower to act on the borrower's behalf, for example by requiring that a person who claims to be an agent of the borrower provide documentation from the borrower stating that the purported agent is acting on the borrower's behalf.

For purposes of responding to a borrower's inquiries and assisting a borrower with loss mitigation options, the term «borrower» includes a person authorized by the borrower to act on the borrower's behalf.

Tax debt attorneys provide audit representation, negotiate payment plans on behalf of their clients, and help borrowers settle their tax liability through an offer - in - compromise or for a fraction of the debt.

A federal student loan enters default when a borrower fails to make a payment on it for 270 consecutive days.9 When this happens, the borrower's loan is transferred from the student loan servicer — a private contractor responsible for collecting payments on behalf of the federal government — to the Debt Management Collections System.10 Borrowers then have 60 days to come to a repayment arrangement with the Education Department.

To determine the maximum amount of funds this borrower is eligible to receive, a net principal limit is calculated by subtracting any initial payments made to or on behalf of the borrower (for example, initial MIP, origination fees, closing costs, liens, cash payments to the borrower, and funds set aside for monthly servicing fees).

Represents numerous clients in providing non-consolidation and true sale opinions on behalf of borrowers, and reviewed opinions for lenders and trustees, in many structured finance and asset securitization transactions.

Mortgage Loan Officers, or Mortgage loan Originators, solicit potential borrowers for mortgage loans on behalf of mortgage companies and banks.

The Aztec Group team of Jason Shapiro and Sean Harrington worked on behalf of the borrower acquiring the shopping center for $ 31.5 million.

For details regarding the bad things that borrowers are alleging in federal court has happened to them in HAMP TPP deals with Bank of America, you can read the entire Complaint that has been filed on their behalf in the public record.

CHICAGO — Aries Capital's Eric Jones, vice president, completed a loan for two multifamily properties in Chicago's Lincoln Park neighborhood totaling $ 2.73 million on behalf of borrowers Douglas Crocker II and Matt...

Specifically, Regulation X § 1024.8 (b) provides that the average charge for a settlement service shall be no more than the average amount paid for a settlement service by one settlement service provider to another settlement service provider on behalf of borrowers and sellers for a particular class of transactions involving federally related mortgage loans, and that the total amounts paid by borrowers and sellers for a settlement service based on the use of an average charge may not exceed the total amounts paid to the providers of that service for the particular class of transactions.