Sentences with phrase «payments on behalf of the borrowers»

USDA also has a «Mortgage Recovery Advance» program in which the Department provides guaranteed lenders up to 12 months of mortgage payments on behalf of borrowers who have fallen behind on their payments due to job loss or other hardships.

Otherwise, the cosigner may be required to take over the monthly payments on behalf of the borrower.

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.

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

If the borrower of a VA loan can't make payments on the mortgage loan, the VA can negotiate with the lenderon behalf of the borrower.

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

Thus, the servicer receives the borrower's payments on behalf of the trust.

The servicer therefore receives the borrower's payments on behalf of itself or its affiliate.

The 2nd lien holder will be able to foreclose on the property if they make loan payments to the 1st lien holder on behalf of the borrower in order to keep the 1st loan current.

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).

When the loan is fully funded, the marketplace will distribute the loan to the borrower, and then process the payments each month on behalf of the investors.

So far, Fannie Mae, which also offers a 3 % down program that lenders could buy down on behalf of borrowers, has not issued any new restrictions on such lender - funded down payment assistance.