Sentences with phrase «second biggest lender»
** Germany's second biggest lender Commerzbank is selling a custody unit to French BNP Paribas as it continues its efforts to streamline its portfolio.
http://www.baltimoresun.com/ Not exact matches
While the Portuguese government said the nation's second - biggest lender is isolated from losses in group holding companies, lack of transparency in the corporate structure is disturbing investors.
«Wells Fargo & Co., the second - largest U.S. home lender, and Taylor, Bean & Whitaker Mortgage Corp., the biggest privately held mortgage company, are raising credit score requirements and other standards for government - insured loans,» according to Bloomberg News.
The interest rate tends to be higher, since a second mortgage is a bigger risk for a lender (in the event of default, your first mortgage is the one that gets paid off).
For example, a $ 400,000 first mortgage and a $ 100,000 second mortgage on a home where the down payment was $ 55,000 and the home sold for $ 555,000, the second mortgage lender would take a bigger loss if the home lost value, was foreclosed on and was sold by the bank for $ 450,000, he says.
Understanding Interest Rates Most lenders consider second homes to be more of a risk than primary residences, but not as big a risk as investment properties.