Sentences with phrase «qualified borrower failing»
This is an example of a well - qualified borrower failing to meet an overly rigid requirement.
http://www.homebuyinginstitute.com/ Not exact matches
While the no - down - payment option available in the VA loan program makes it the preferred choice for many borrowers, those who either fail to qualify or have already exhausted their VA loan opportunities will appreciate the diversity of FHA products at Navy Federal.
According to the CFPB, some student loan servicers are withholding access to income - driven repayment plans by failing to enroll or notify qualified borrowers.
For example, while many defaulted borrowers can qualify for $ 0 payments under a federal income - based repayment plan, about 90 percent failed to enroll in these programs.
Many subprime borrowers often feel so relieved to qualify for a loan — any loan — that they fail to compare companies or accept the first offer they get.
When the refinance fails because the borrower can't qualify for a loan, they borrower usually tries to go delinquent again, thinking if they act like a child the bank will modify their loan, not realistic.
The President's plan is centered on four core principles for reform: putting private capital first, ending the failed Fannie / Freddie business model and protecting the taxpayers, ensuring broad access to the 30 - year fixed rate mortgage in good times and bad, and preserving the American dream of affordable homeownership for all qualifying borrowers in every community while at the same time ensuring sustainable rental options are widely available.