Sentences with phrase «paid on behalf of the borrower»

Within one business day from notice of rescission, the borrower (s) must return any monies received and fees paid on behalf of the borrower (s) by certified funds.

Not exact matches

With a low - cost or zero - closing cost mortgage, closing costs are paid by the lender on behalf of the borrower.

Eligible borrowers receive a maximum of 24 student loan payments, or two years, paid on their behalf.

This saving is added to by the fact the seller is permitted to pay closing costs on behalf of the borrower as an incentive.

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.

To obtain mortgage insurance from the Federal Housing Administration, an upfront mortgage insurance premium (UFMIP) equal to 1.75 percent of the base loan amount at closing is required, and is normally financed into the total loan amount by the lender and paid to FHA on the borrower's behalf.

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.

With a low - cost or zero - closing cost mortgage, closing costs are paid by the lender on behalf of the borrower.

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.