Sentences with phrase «protect against borrower»

It was not to protect against borrower default risk but to boost yields and make returns more attractive to other financial institutions.

Not exact matches

Mortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgage loan.

Private mortgage insurance (PMI) is a special type of insurance policy that is paid by the borrower and protects lenders against loss if a borrower defaults.

Private Mortgage Insurance (PMI) is a special type of insurance policy, provided by private insurers, to protect a lender against loss if a borrower defaults.

PMI protects lenders against the risk that the value of the home will fall below the outstanding principal balance on the mortgage, leaving the borrower «underwater» on the loan.

The insurance protects the lender against losses resulting from borrower default.

PMI is paid by mortgage borrowers, protecting mortgage lenders against default and foreclosure.

A PMI policy protects the lender against financial losses that would result if the borrower were unable to repay the loan.

By collecting the point up - front and possibly paying it back only if the borrower closes, the lender protects itself against the possibility the customer will defect to another lender during the time before closing.

Mortgage Insurance Premium Monthly payments made by a mortgage borrower to the Federal Housing Administration (FHA), or to a private lender for transmittal to the FHA, to protect against default on mortgage payments.

Though they require as little as 3.5 percent down, the FHA loans are also more expensive because they require borrowers to pay steep insurance payments to protect against a default.

Private mortgage insurance (PMI)-- Protects the lender against a loss if a borrower defaults on the loan.

Escrow protects both lenders and borrowers against lapsed insurance or delinquent taxes, by setting aside money each month to pay bills like:

OFAC Alerts — OFAC Alerts (Office of Foreign Assets Control) from Credit Plus protect your business from the time and cost of manually checking borrower records against the U.S. Treasury's master list of Specially Designated Nationals and Blocked Persons, which contains thousands of individual names.

Insurance that protects lenders against losses caused by a borrower's default on a mortgage loan.

Mortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgage loan.

Private mortgage insurance (PMI) is insurance that protects a lender or investor against loss if a borrower stops making mortgage payments.

Private Mortgage Insurance, or PMI, is insurance that protects the lender against loss if you (the borrower) stop making mortgage payments.

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.

This is, in part, a quality control feature to protect against fraud and also an underwriting requirement to determine the buyer qualifications as a borrower.

While the mortgage insurance premiums are costly, Pierce said, they protect both the lender and the borrower against losses.

This is insurance that is required on certain loans, such as mortgages offered by the U.S. Federal Housing Administration (FHA), to protect the lender against the risk that the borrower will default.

That's not only because the borrower who has substantial skin in the game is unlikely to hand back the keys if finances get tough, but also because a large down payment protects the lender against sinking real estate values.

Insurance that protects the lender against loss caused by a borrower's default on a mortgage loan.

National Consumer Law Center v. U.S. Department of Education, April 19, 2018, Complaint and Press Release The National Consumer Law Center filed a lawsuit in the U.S. District Court for Massachusetts against the U.S. Department of Education for records related to its purported justification for delaying implementation of a rule to protect student loan borrowers from school fraud and abuse, including records of communications between agency officials and representatives of the for - profit college industry.

Private Mortgage Insurance (PMI) Mortgage insurance provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults.

Primary Mortgage Insurance is essentially to protect the lenders against defaults by the borrower.

The Truth In Lending Act, Real Estate Settlement Act and the Home Owners Protection Act federally protect borrowers against predatory lenders.

While consumer advocates hope more information will help regulators protect mortgage borrowers against discrimination, mortgage lenders are worried about protecting their privacy.

By protecting the lender against loan default, FHA mortgage insurance encourages lenders to make loans to otherwise credit worthy borrowers who might not be able to meet underwriting requirements that are conventional.

FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, and multifamily properties, and some health - related facilities.

FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, some health - related facilities, and multifamily properties.

PMI protects lenders against loss in case borrowers default on their loans.

The CMHC provides mortgage loan insurance to help protect lenders against mortgage default and enables home buyers to purchase homes with a minimum down payment of 5 %, and mortgage insurance is usually required for all mortgage applications whereby the borrower is putting less than 20 % down payment of the purchase price.

Not only will borrowers be protected against rising rates for half a decade, they'll also have enough time to plan for a potentially higher interest rate environment at the end of their term.

The lender will use the fee for an insurance policy to protect them against financial loss in the event of a borrower not meeting their mortgage payments.

(the lender may not feel obligated to help you, but they will want to protect themselves from future risk against a bad borrower.)

The CMHC being the primary insurer of mortgage loans tries to protect the lenders and the borrowers against default.

This result is unacceptable and we will continue to speak out against incentives to government contractors that do not protect borrowers» interests.

As we previously noted, the rules give the Department authority to better protect students and taxpayers against school fraud and to provide relief to defrauded student loan borrowers.

Is your job to provide lenders with private mortgage insurance to protect them against great loss should their borrowers default on a mortgage?

When representing a borrower client on a private mortgage deal, Ms. Hope - Selkin safeguards the rights of her clients to protect against shark lenders and to prevent her clients from being exploited by unscrupulous private lenders.

Borrowers are required to obtain life insurance for a loan of any size, no matter its term, and they are secondarily required to obtain flood insurance to protect against major personal and business losses.

New mortgage rules take effect Friday that set out to protect borrowers against risky lending practices.

What is more readily available are lender insurance policies that protect against two unlikely events: borrower defaults and the environmental costs being higher than expected.

High - ratio Mortgage - A mortgage that exceeds 75 percent of the loan - to - value ratio; must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender against default by the borrower who has less equity invested in the property.

The payment made by a borrower to the lender for transmittal to HUD to help defray the cost of the FHA mortgage insurance program and to provide a reserve fund to protect lenders against loss in insured mortgage transactions.

Private Mortgage Insurance (PMI) Mortgage insurance provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults.

The insurance protects the lender against losses resulting from borrower default.