Sentences with phrase «possible loan default»

Home ownership is an expensive proposition and if consumers are already saddled with excessive amounts of credit card or auto loan debt it makes them that much more of a risk for possible loan default and foreclosure.

It's a recipe for financial hardship, and possible loan default.

So, when you buy our insured products, you will enjoy greater peace of mind knowing that you're better managing third party risk and defending your business against the negative financial consequences of a possible loan default and the resulting repurchase request.

The exclusive Reps and Warranties coverage helps you better defend your company against the negative financial consequences of a possible loan default and the resulting repurchase request.

Current technology platform gives lenders access to extra protection against possible loan defaults through funding and beyond Salisbury, Md., November 15, 2016 — Credit Plus, a provider of... Read More

Introduces Reps and Warranties Coverage for Extra Protection Against Possible Loan Defaults

Not exact matches

If you've defaulted on any of your federal student loans, contact the organization that notified you of the default as soon as possible so you can explain your situation fully and discuss your options.

It is possible to correct any issues and bring a loan out of default and back up to date by deferring payments or switching plans.

The reason is that if you were to default on your loan or miss several payments, then the bank would liquidate the assets as quick as possible at a lower price.

Therefore they consider your previous loan repayment history when measuring possible risks of default and the interest rate to assign to your loan.

The routine uses of this information include, but are not limited to, its disclosure to federal, state, or local agencies, to private parties such as relatives, present and former employers, business and personal associates, to consumer reporting agencies, to financial and educational institutions, and to guaranty agencies in order to verify your identity, to determine your eligibility to receive a loan or a benefit on a loan, to permit the servicing or collection of your loan (s), to enforce the terms of the loan (s), to investigate possible fraud and to verify compliance with federal student financial aid program regulations, or to locate you if you become delinquent in your loan payments or if you default.

Remember just a few short years ago when the government through Fannie - Mae and Freddie - Mac allowed lenders and actually encouraged them to give a mortgage to someone even if they did not have the FICO score, loan to value, income, or assets that should all be part of a sound mortgage underwriting program to insure the smallest mortgage default rate possible.

This is simply because the lenders want to have as much security as possible, which is somewhat understandable since there is no collateral with which to cover losses should the consumer default on their loan.

Second, your defaulted loan is typically assigned to a collection agency which is responsible for recovering as much of the debt as possible.

Even if we suppose that Alice has done the best possible credit check and that Bob is a perfectly trustworthy fellow who would never dream of defaulting on his loan, catastrophes do happen.

We never want a customer to default on a loan because our biggest goal is to make the entire lending and borrowing process as painless as possible.

This is to protect the lenders against possible default thereby making the loan less risky for them.

This is why it is so important to contact your loan servicer and look for possible solutions before you end up in default.

Apart from the fact that it helps FHA protect the lenders from possible losses that may arise as a result of defaults by the borrowers, it also helps the borrowers assess the FHA loans at lower rates.

Why does repaying a loan that it's not possible for you to default on help your credit rating?

It is possible to correct any issues and bring a loan out of default and back up to date by deferring payments or switching plans.

Since the loan is not directly connected to any collateral, if you default on the loan, the lender can't automatically take any of your property (though it is still possible).

If you often default on loans, miss payments or write bad checks, it is possible that you have a low score.

A low credit score does not necessarily mean you will be turned down for a loan, but you will be given a grade based on your possible risk of defaulting on the loan.

You should understand that if you default in your loan repayment, government will take all possible action to ensure that it gets the money back from you.

Having defaulted on my loan about 17 years ago... Mr. Minsky outlined possible options for his services in a direct and open manner via Skype.

Find out what to expect and some possible resolutions if you're facing default on an SBA loan.

Inform the lender as soon as possible that you may be defaulting on your loan.

If you make a bunch of risky loans and chase the highest interest rates possible then your loans can be defaulted.

Unlike conventional home loans, FHA loans are government - backed, which protects lenders against defaults, making it possible to for them to offer prospective borrowers more competitive interest rates on traditionally more risky loans.

FHA loans are government - backed, which protect lenders against defaults, making it possible to offer prospective borrowers lower interest rates.

It's possible you defaulted on a loan, were unable to afford monthly payments or otherwise faced financial pitfalls.

It's important to be aware that if a borrower defaults on an unsecured loan, it is still possible for a lender to seize assets to recover their losses.

It is possible that that a person suddenly enjoys a windfall which he may like to apply towards the payments of his defaulted loan.

In this case, fair value seems a much better measure for the performing loans than amortized cost, simply because it is possible that an event of default on the performing loans will be measured by fair value rather than amortized cost.

This is to protect the financial institution from possible default especially when it is common for these types of loans to involve $ 30,000 - $ 60,000 in available credit.

Second, your defaulted loan is typically assigned to a student loan collection agency which is responsible for recovering as much of the debt as possible.

These benefits are possible because the VA promises to repay at least a quarter of the loan amount if one of its borrowers defaults on the mortgage.

The only downfall of securing loans with personal assets is possible repossession of such by your lender in case you default on your loan.

Contact your school and loan source as soon as possible and avoid default.

This is why money lenders try to recoup as much of their investment as possible to avoid major losses should the loan go into default.

This testimony provides information on: (1) the extent to which older Americans have outstanding student loans and how this debt compares to other types of debt, and (2) the extent to which older Americans have defaulted on federal student loans and the possible consequences of default.

Default Insurance helps make it possible for a homeowner to buy a property with a lower down payment — this indicates they have little value in their home and they will end up paying even more interest on the home loan.

Forbes contributor Mark Greene explained if lenders follow this «ability - to - repay rule» and demonstrate they did everything they could to determine a borrower was reliable, they won't have to buy back the loan even if the borrower defaults.1 The more proof a lender has that he or she did everything possible to make sure the borrower was in good financial standing, the more protected that lender will be.

This is a red flag that default is possible, and banks may decline your loan applications.

The other possible reason for not taking the matching funds are if the required contributions would put you in a significant bind — if you're barely scraping by, and you can't squeeze enough savings out of your budget that you'd risk default on a loan (eg, car or house) or might take penalties for late fees on your utilities, it might be preferable to save up for a bit before starting the contributions — especially if you've maxed your available credit so you can't just push stuff to credit cards as a last resort.

Once your loan is out of default you will be able to consolidate it into a new Direct Loan and opt for one of the income - driven repayment plans to get the lowest payment possible while you surf through these difficult economic tiloan is out of default you will be able to consolidate it into a new Direct Loan and opt for one of the income - driven repayment plans to get the lowest payment possible while you surf through these difficult economic tiLoan and opt for one of the income - driven repayment plans to get the lowest payment possible while you surf through these difficult economic times.

While it may not be possible to eliminate every last default, seeing so many students fail to repay despite the array of repayment options and benefits suggests that policymakers could do a better job investigating what successfully keeps students in good standing on their loans.

If you are having trouble repaying your loans, talk to your lender as soon as possible and work with them to keep your loans from defaulting.

When your loan is in default, it can seriously harm your credit and you may become ineligible for any possible student loans in the future.