Sentences with phrase «protection on a default»

There is also credit risk from the party buying protection on the default swap; if he goes broke, your extra yield goes away, at least in part.

Its financial basis for protection on a default plan is more extensive than your property policy.

Not exact matches

In 2006, Congress passed the Pension Protection Act, which helped raise participation rates by clarifying language on default opt - ins for employees.

Credit default swaps figured prominently in the financial crisis, notably in the near - collapse of American International Group, a giant insurer that sold protection to investors in home mortgages but couldn't pay out on the policies when the housing market crashed.

«Also, the choices and defaults are not compatible with [GDPR] Article 25 on data protection by design and default nor Recital 32... If I say no to facial recognition it's unclear if other users can continue to tag me.»

However, borrowers do have a few more protections in place in case of default on a federal student loan:

The SEC complaint goes on: ``... after participating in the portfolio selection, Paulson & Co. effectively shorted the RMBS [Residential Mortgage Backed Securities] portfolio it helped select by entering into credit default swaps (CDS) with Goldman Sachs to buy protection on specific layers of the ABACUS capital structure.

According to the most recent report by Consumer Financial Protection Bureau (CFPB) from 2014, private student loan borrowers are finding out they are in default on their loans after the death of their cosigner.

ICE offers Eris Exchange credit index derivatives as cash settled futures with $ 100,000 notional principal, whose value represents a basket of credit default protection on the entities in the index.

An official from the Consumer Protection Financial Bureau warned auto - defaulting on certain borrowers was breaking the law.

Private mortgage insurance (PMI) is basically an insurance that the lender uses as protection in the event that you default on your loan.

While the policy notes that «New York's legal code is relatively accessible compared to other states,» it suggests that the state commit to including its laws on a platform such as America Decoded, adopting the Consumer Finance Protection Bureau's eRegs tool to make the laws more accessible, and instituting an «open by default» policy in the area of IT purchasing, data and research.

«It says that the game lacks adequate protection for children, such as safety reminders when contacting new users, hiding location by default for under 18s, and clear processes on safeguarding concerns.»

On April 30, 2009, the automaker filed for Chapter 11 bankruptcy protection to be able to operate as a going concern, while renegotiating its debt structure and other obligations, [41] which resulted in the corporation defaulting on over $ 4 billion in secured debtOn April 30, 2009, the automaker filed for Chapter 11 bankruptcy protection to be able to operate as a going concern, while renegotiating its debt structure and other obligations, [41] which resulted in the corporation defaulting on over $ 4 billion in secured debton over $ 4 billion in secured debts.

Along with some cosmetic changes to match the look and feel of the Kindle Fire's UI, a new settings menu lets you turn on pin protection for in - app purchasing — which is enabled by default — and gently nudges you to spend by displaying your unused gift card balance.

More telling is how the credit markets are viewing the cost of buying default protection on the debt of energy related companies.

The cost of buying default protection on the largest bond market borrowers in the S&P 500 is tracked by the S&P / ISDA U.S. 150 Credit Spread Index and has fallen to lows which can be an Read more -LSB-...]

The Consumer Financial Protection Bureau said in 2016 that 70 % of borrowers in default on student loans would qualify for the low payments offered through the PAYE and REPAYE programs, but haven't signed up.

But given the history of fraud and abuse in the debt relief industry, the inability to provide any legal advice, and the carnage that can be done by defaulting on debt without some real protection, the debt settlement company and credit counselor risks are too great and the advantages too nominal.

Second, had AIG collapsed, the systemic implications on other market participants might have made it difficult for Goldman Sachs to collect on the credit protection it had purchased against an AIG default, although Goldman Sachs stated that it had received collateral from its counterparties in those transactions.

The cost of buying default protection on $ 100,000 par value of bonds issued by these companies has dropped from $ 890 (89bps) on December 31 2012 to $ 490 (49bps) as of May 9, 2014.

Finally, if AIG had defaulted, Goldman Sachs would have been forced to bear the risk of further declines in the market value of the approximately $ 4.3 billion in CDOs that it transferred to the Maiden Lane III portfolio as well as approximately $ 5.5 billion for its credit default swaps that were not part of the Maiden Lane III portfolio; Maiden Lane III removed any risk for the $ 4.3 billion within that portfolio, and continued Government backing of AIG provided Goldman Sachs with ongoing protection against an AIG default on the remaining $ 5.5 billion.

The Consumer Financial Protection Bureau (CFPB) released a report this week showing that the vast majority (over 90 %) of federal student loan borrowers who default on one or more student loans will likely end up back in default within two years.

Independent researcher I subscribe to suggested a 2s10s steepener vs selling some protection on US: Convexity in the curve in our favor, noone pays out on the US protection anyway, as default risk rises so curve will steepen even further as everyone sells long - dated Treasuries!!!

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Mortgage lenders want protection against a default on the loan.

However, today all HECM reverse mortgages are heavily regulated and there are many protections in place to help prevent borrowers from defaulting on their reverse mortgage.

This gross oversight by government will reflect increasing foreclosures and defaults on accounts «due», by people who absolutely can pay, but choose, like the banks, to reel in their assets for «self protection» of their assets.

J.P. Morgan Chase & Co.'s Chase unit is raising its rates on credit - card cash advances and overdraft protection, as well as its default rate, which is triggered when cardholders exceed their credit limit or are late on their payments.

The cost of default insurance for the S&P / ISDA CDS U.S. High Yield OTR Index still costs more than 4.5 times as much as for the S&P / ISDA CDS U.S. Investment Grade OTR Index, as protection on a loan of USD 1 million would cost USD 32,400 and USD 7,200, respectively.

Unlike banks or NBFCs (Non-Banking Finance Companies), no regulations are specified for these schemes, and in case, the jeweler just shuts shop, and defaults on your payments, there are no special laws to ensure your capital protection.

This is based on new information released by the Consumer Financial Protection Bureau which discovered over 220,000 people who have defaulted on... [Read more...] about Why Student Loan Borrowers Are Doomed To Default

AIG famously leveraged its AAA credit rating to sell (write) credit default swaps (CDS) to counterparties who wanted default protection (in many cases, on CDO tranches).

Unfortunately, according to the Consumer Financial Protection Bureau, it is estimated that one in four students who have borrowed funds are either in delinquency or in default on their student loans.

Corporate directors and officers can also be held liable on default, so proper insurance protections for these instances is critical.

The federal Consumer Financial Protection Bureau laid out these scenarios in a new report on automatic default provisions embedded in private student loans.

The insurance policy you are required to obtain and pay for as part of your monthly mortgage payment essentially provides protection to the lender in case you default on the loan, and covers the lender for the amount between 20 % down and what you actually put down.

At the same time, the rate of default on reverse mortgages rose to approximately 9.4 percent of loans in 2012, up from 2 percent a decade earlier, according to the Consumer Financial Protection Bureau.

PMI provides your lender with financial protection in case you default on your mortgage payments.

I didn't think I'd see a proposal like this one which would (seemingly) bar investors from purchasing default protection via the credit default swaps [CDS] on corporations without owning the underlying bonds.

What is even more worrisome is the cost of buying default protection on debt of issuers in the S&P / ISDA CDS U.S. Energy Select 10 Index has doubled during that time.

Fortunately, the Consumer Financial Protection Bureau pushed lenders to change their policies on new and existing loans so that co-signer deaths no longer trigger such defaults.

We generally provided credit default swap protection on the most senior liabilities of structured finance transactions, and at inception of the contract our exposure generally had more subordination than needed to achieve triple - A ratings from credit rating agencies (referred to as «Super Triple - A» exposure).

The Company generally provided credit default swap protection on the most senior liabilities of structured finance transactions, and at inception of the contract its exposure generally has more subordination than needed to achieve triple - A ratings from credit rating agencies (referred to as «Super Triple - A» exposure).

According to a report by the Consumer Financial Protection Bureau, which analyzed almost 600,000 student loan borrower accounts, over 40 percent of borrowers who dealt with debt collectors after entering default status defaulted on their student loans a second time within three years.

This past March, the Consumer Financial Protection Bureau warned banks that they were at risk for breaking the law by placing borrowers who were current on their student loan repayments in default when the cosigner on the loan dies or declares bankruptcy.

The primary consumer protection problem areas that have given rise to the States» actions include: (1) unsubstantiated claims of consumer savings; (2) deceptive representations about the length of time necessary to complete a debt relief program; (3) misleading or failing to adequately inform consumers that they will be subject to continued collection efforts, including lawsuits, and that their account balances will increase due to extended nonpayment under the program; (4) deceptive disparagement of consumer credit counseling; (5) deceptive disparagement of bankruptcy as an alternative for debtors; (6) lack of screening and analysis to determine suitability of debt relief programs for individual debtors; (7) the collection of substantial up - front fees so the debt relief company gains even if it fails to perform; (8) lack of transparency and information for consumers as to payment of fees, status of accounts, and communications with creditors; (9) significant delays in active negotiation or engagement with creditors, coupled with prohibitions on direct consumer communications with creditors; and (10), in the case of debt settlement companies, basing savings claims (and settlement fees) not on the original account balance, but on the inflated amount due (including late fees and default rates of interest) at the time of settlement.

According to the Consumer Financial Protection Bureau: «Each lender uses its own process to determine the risk that you will default on a loan, but most use your credit score, employment status, income, and other outstanding debts, among other factors.»

Since your credit rating takes a hit after you file for bankruptcy protection, unless you default on monthly payments to an automobile insurance company, there is really no basis for your insurance company to raise your premiums.

We had a lot of macro protection in terms of credit default protection on bonds we didn't own, just betting that credit spreads would widen.