Sentences with phrase «taken against the borrower»

No other action an be taken against the borrower.

Also, review what actions the lender can legally take against the borrower or co-signer in the event of a missed payment.

Not exact matches

To date, we do not see a systemic threat from leveraged lending, since broad measures of credit outstanding do not suggest that nonfinancial borrowers, in the aggregate, are taking on excessive debt and the improved capital and liquidity positions at lending institutions should ensure resilience against potential losses due to their exposures.

And, in an effort to reverse decades of discrimination against blacks and Latinos, Mr. Cuomo pushed the government - sponsored banks, Fannie Mae and Freddie Mac, to buy more home loans taken out by poor and working - class borrowers.

When that takes place, a borrower may have a reason to file a complaint against that lender through a myriad of places.

The loan agreement provided by the lender is the go - to document for what should take place with a loan, and the protections borrowers have against any breach of that agreement by a lender.

Last year the Consumer Financial Protection Bureau took action against two companies — College Education Services and Student Loan Processing — that it said «exploited vulnerable student loan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.»

If you would like to apply for borrower defense against multiple schools that you attended and for which you took out federal student loans, you must submit separate applications for each school of attendance.

There are several reasons you may want to consider refinancing, including take out a loan against the equity in your home, to lower your interest rate, extend or shorten your term, or to remove a borrower from the loan.

The central banker also warned against taking comfort in statistics that show, on average, growth in Canadians» assets are vastly outpacing their debts, pointing to other countries whose banks made the «classic mistake» of lending based more on borrowers» assets than their liabilities.

Now, with this «agency reorganization», it is a blow to the agency's structural ability to take action against student loan companies who engage in predatory practices against student loan borrowers.

ASIC has taken action against Cash Converters because they failed to make reasonable inquiries into borrowers» income and expenses and signed people up for loans that were unsuitable for them.

For a Secured Business loan, the borrower needs to pledge something as collateral or security against the loan amount taken.

We're seeing credit scores that are increasing against control groups, we're saving customers millions of dollars, hundreds of thousands of customers have taken over one million of our financial literacy courses, and, with our growing credit card platform, we're continuing to meet the needs of borrowers with subprime and deep subprime credit scores.

Now if there is one strike against a borrower other factors are taken into consideration.

Collection actions can be taken against either party and can include legal action resulting in wage garnishment or liens against property for both the primary borrower and the co-signer.

Specifically, the Inspector General found that the Department's Federal Student Aid office failed to monitor borrower complaints against its collection agencies and it neglected to take corrective action against those agencies when they did not improve.

Top loan experts believe that it is important for borrowers to be confident when taking a loan on against your home.

However, the bank is entitled to take legal action against the borrower before any other competent court.

Federal student loan interest rates are fixed for all student borrowers regardless of their credit score or history, so the main factors to consider when taking on student debt, whether it's subsidized, unsubsidized, Perkins or Stafford loans, is to weigh the amount borrowed and terms of your loans against the current standard interest rates, which have remained low — 3.76 % undergraduate, 5.31 % graduate unsubsidized, 6.31 % graduate PLUS.

Though you take all the necessary measures to keep such defaults to the minimum through recovery mechanism, you need to insure your lent assets against non-payment by the borrower, on his / her death.

New mortgage rules take effect Friday that set out to protect borrowers against risky lending practices.

Meanwhile, borrowers who take out fixed - rate insured mortgages of five years or longer have their income tested against the interest rate that they will actually be paying.

There is a distinct subset of borrowers that are against taking out a CMBS loan at any cost due to the inflexibility of the loan documents and how hard (neigh, impossible) it can be to modify a CMBS loan once it's been originated.

Foreclosure A legal procedure in which the mortgage loan is in default and the property taken from the borrower and sold by the lender to pay off the loan against the property.

These mortgages are designed to let qualified applicants take out a loan against the equity in the home — loans that can be used for living expenses, home improvements, even the purchase of a primary residence if the borrower is willing to pay (in cash) the difference between the FHA HECM loan amount and the sales price and closing costs.