Sentences with phrase «reduce loan losses»

Not exact matches

Andrew Orr, Deloitte financial advisory partner, said the new accounting standard could encourage banks to sell parts of their underperforming loan portfolios because this will result in faster recognition of losses and could reduce high valuations.

The administration's program attempts to help these financial firms by guaranteeing losses on SBA loans and reducing the fees they pay to provide this type of debt.

As an optional addendum to your loan and designed to help cover the difference between the vehicle's actual cash value and the outstanding loan balance after a total loss, having a GAP Waiver can reduce or eliminate those out - of - pocket expenses.

The FHA has said its «blueprint» for evaluating underwriting defects should reduce lenders» fears of having to indemnify the agency for losses on loans to riskier borrowers.

They charge legal, appraisal and other charges to set up the mortgage as an attempt to reduce the chances of loss if you are unable to pay off the loan.

Enforcing its lending requirements more rigorously helps FHA reduce the risk of mortgage foreclosures and prevents additional drain on FHA funds used for reimbursing lenders for losses connected with mortgage loan delinquencies.

Raising the loan - to - value ratio reduces the gap between the existing loan balances and the new H4H loan and decrease losses to the existing primary lienholders.

Be aware, though, that unsecured debt consolidation loans would be lower regarding how much cash you can expect to receive, because the lender is taking a greater risk with no assets to reduce the loss should a borrower default.

Urban notes in its study, «[p] rivate mortgage insurers have played a crucial role over the past six decades enabling first - time homebuyers to gain access to high -[loan - to - value] conventional financing while reducing losses for the GSEs.»

In order to reduce that risk, Congress required the GSEs to obtain credit enhancement on low down payment loans — most often in the form of MI — so that private capital, and not taxpayers, is first in line to pay when there is a default - related loss.

This money can, of course, be snowballed into the student loan BUT during hard times — loss of job, illness, reduced income — more money is available for basic living expenses, while still making minimum payments.

Eliminates or reduces out - of - pocket expenses for the remaining loan balance after a loss settlement

investors in mortgage related securities are faced wit a decision to allow mortgage loan servicing companies to reduce mortgage rates and loan balances, or suffer the losses associated with foreclosure.

Including FHA loans in HAMP efforts should help reduce the agency's losses associated with mortgage foreclosures.

The VA Funding Fee is used by the VA to offset the loss on loans that go into default, and thus reduce the cost to US Taxpayers to maintain the program.

A few money - management firms make it mandatory for each investment holding to be reviewed by someone other than the person who bought it; banks can reduce their losses by having bad loans re-evaluated by someone other than the executive who first authorized them.

And community lenders want Montgomery to reduce the 85 - basis - point annual premium in FHA loans and re-examine the life of loan premium, despite the recent drop in the FHA's capital ratio, which is largely due to losses in the FHA's reverse mortgage program.

2002 - 2003: The manufactured - housing ABS market blows up, as originators don't take initial losses but roll borrowers over into new loans that reduce payments and extend payment terms, technically keeping the loans current.

Term plan proceeds help your family to repay any debts like car loan, housing loan, etc. in the event of your untimely death and reduces the burden of financial trauma when there is an emotional loss to bear.

* Job Description Responsible for managing an assigned portfolio of commercial loan products, mitigating loss situations, thereby reducing Bank risk and maintaining customer relationships.

Assessed market conditions and determined direction for debt, and provided recommendation to Chief Credit Officer and Problem Loan Committee to grant forbearance when warranted by project, and foreclose when no options were available to reduce loss.

Lender loss mitigation departments are often willing to reduce payment amounts for a certain period, restructure a payment plan, or add delinquent payments and taxes to the remaining loan balance.

Households could also take out smaller home loans to reduce the effects of the loss of the mortgage interest deduction, and the larger standard deduction may give them more purchasing power.

The market for defaulted mortgages is heating up as Wall Street firms try to profit from the housing recovery, banks seek to avoid the added costs of holding delinquent debt, and the Department of Housing and Urban Development sells loans to reduce losses at the financially troubled Federal Housing Administration.

They are the foundation of our unique approach to Special Servicing and reducing the loss severity of non-performing loans and REO.

Mortgage Modification: a loss mitigation option that allows a borrower to refinance and / or extend the term of the mortgage loan and thus reduce the monthly payments.