Sentences with phrase «riskier lending practices»
Many smaller banks were not caught up in the riskier lending practices of the larger institutions and are still active lenders in your individual markets.
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«Our Ability - to - Repay rule protects borrowers from the kinds of risky lending practices that resulted in so many families losing their homes.
According to a 2013 press release that explained the new QM rules, CFPB officials stated: «The rule also protects borrowers from risky lending practices such as «no doc» and «interest only» features that contributed to many homeowners ending up in delinquency and foreclosure after the 2008 housing collapse.»
According to a 2013 press release that explained the new QM rules, CFPB officials stated: «The rule also protects borrowers from risky lending practices such as «no doc» and «interest only» features that contributed to many homeowners ending up in delinquency and foreclosure after the 2008 housing collapse.»
We've seen the result of unrestrained risky lending practices.
The government also stepped in, creating a set of new mortgage rules designed to limit those risky lending practices.
This information provides lenders with a more in - depth look into the customers activity in order to help them avoid risky lending practices.
With the start of 2014 well underway, new mortgage regulations designed to protect borrowers from risky lending practices went into effect, but it may make the first time home buyer experience a little more difficult for some borrowers.
New mortgage rules take effect Friday that set out to protect borrowers against risky lending practices.
«Realtors ® support responsible lending to qualified borrowers and the move to lower premiums will enable more buyers to enter the market while continuing to protect taxpayers from the risky lending practices that led to the housing crash.»
«Realtors ® support strong underwriting standards to protect consumers from the risky lending practices of the past, but we are concerned that the pendulum has swung too far.
According to a 2013 press release that explained the new QM rules, CFPB officials stated: «The rule also protects borrowers from risky lending practices such as «no doc» and «interest only» features that contributed to many homeowners ending up in delinquency and foreclosure after the 2008 housing collapse.»
The Consumer Financial Protection Bureau's rules, which take effect on Jan. 10, establish a national standard for issuing mortgages and are meant to prevent the risky lending practices that led to the housing crash.
HUD is working hard to encourage homeownership while ensuring that consumers are protected from the risky lending practices of the past,» said Castro.
Not exact matches
On paper, this rule is designed to encourage «safer» lending practices by prohibiting certain «risky» loan features.
With Canada's strong regulatory framework and the relatively small amount of securities lending that goes on in ETFs, I don't think the practice is unduly risky.
On paper, this rule is designed to encourage «safer» lending practices by prohibiting certain «risky» loan features.
These types of lenders may also offer mortgage loans with high loan - to - value ratios (LTV) and limited documentation, or a combination of the aforementioned that make for aggressive lending practices traditional banks may deem too risky.
Although FHA has made a large number of mortgages in the wake of the sub-prime crisis, its lending practices are stricter and far less risky.
The federal agency that protects consumers from risky or fraudulent lending practices should be restructured as a commission and not rely on a single director, the NAR Board of Directors voted at its May 20 meeting.