Sentences with phrase «protect against default»

PMI is used to protect against default.

This is because they have their own risk system — i.e. your security deposit — to protect against a default or lack of payment.

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.

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.

That is, a loan that has collateral behind it as a means to protect against default, such as a home equity loan, versus an unsecured loan that offers lenders little by way of guarantee.

Such an investment doesn't have a maturity date, but it does provide diversification to help protect against default risk, and can provide regular income.

Sears adds that many of his clients, who hire him to find the best mortgage rates available, are under the false impression that CMHC insurance actually protects them against default.

By adding a cosigner the lender is protecting themselves against default and repayment.

Not only are you protected against defaults, but also you're protected against inflation.

So, it protects them against default on the mortgage.

Consider that because Annaly and American Capital Agency buy securities packaged by Fannie Mae and Freddie Mac, their assets are protected against defaults.

Agency - only MBSs are protected against default by Fannie Mae or Freddie Mac, which means that American Capital Agency is essentially off the hook for defaults.

For months, Federal Finance Minister Bill Morneau and the government - owned mortgage insurer, Canada Mortgage & Housing Corp. (CMHC) have been floating the idea of prompting lenders to hold more capital for residential mortgages to protect against defaults.

The FHA sells insurance to protect against defaults and doesn't issue mortgages.

The program protects against default losses including repurchase expenses, affecting eligible loans including firsts, seconds and HELOCs.

Rather, it's sound underwriting, not the size of downpayments, that protects against defaults.

Not exact matches

Interestingly, in December and January it was more expensive to protect against a Puerto Rico default than it was to protect against a Ukraine default.

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.

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

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

Mortgage insurance, in general, describes an insurance policy which protects lenders against loan default.

PMI protects the lender against the possibility of a default.

The cost of protecting speculative - grade bonds against default in the credit - default swap market climbed to its highest level since July 6.

While New York has been a leader in protecting homeowners against foreclosures and defaults, the state should promote available mandated low - cost checking accounts to help poorer residents take advantage of the security of the banking system and avoid having their savings swallowed by various small bank fees, said attorney Kirsten Keefe of the Empire Justice Center.

Also referred to as «Traditional Mortgage Insurance» BPMI is insurance issued by a private company that protects the lender against loan default.

It protects lenders like Jersey Mortgage Company against losses if a loan is defaulted on, while giving more people access to home ownership.

• No private mortgage insurance: Since the VA backs these loans, there is no need for private mortgage insurance, which traditionally protects the lender against default.

The loan is guaranteed by the Department of Veterans Affairs to protect the lender against loss in the event of default.

Lenders report to credit bureaus to protect other lenders against people who often default on loans.

Mortgage loan insurance helps protects lenders against mortgage default, and enables consumers to purchase homes with as little as 5 % down payment — with interest rates comparable to those with a 20 % down payment.

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

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

Private mortgage insurance protects the lender against any loss in the event of default on the mortgage loan.

The primary di ffe rence between an unsecured and secured loan is the way the lender protects itself against a potential default.

This insurance helps protect lenders against mortgage default; it does not protect you, the homebuyer.

In this way, buyers and sellers are protected against the possibility of contract default.

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

This guaranty, which protects the lender against total loss should the buyer default, provides incentive for private lenders to offer loans with better terms.

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

A low down payment loan is considered a greater risk for the lender, and mortgage insurance protects the lender against their risk of loss due to default.

Treasuries are safe from default, but no bond can fully protect you against rising interest rates unless you hold it until it reaches maturity.

Private mortgage insurance and government mortgage insurance protect the lender against default and enable the lender to make a loan which the lender considers a higher risk.

Because your lender is protected against loss from default up to the amount that's protected, you have the flexibility to purchase a really nice home.

The United States government used five primary ways to influence mortgages: 1) regulations, 2) monetary policy, 3) insurance to protect against bank defaults, 4) pseudo-government agencies and 5) government departments.

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 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.

This insurance protects lenders against financial losses that result when homeowners default and stop making their mortgage payments.