The phrase "about the borrower" is correct and usable in written English.
It can be used when discussing information, details, or context related to a borrower in a financial or lending context.
Example: "The report provides comprehensive insights about the borrower, including their credit history and repayment capacity."
Alternatives: "regarding the borrower" or "concerning the borrower."
Once we dug deeper, however, we learned some things about the borrower that created problems.
They are more likely to know a lot about the borrower to begin with.
Lending standards had indeed deteriorated, as mortgage originators introduced such "innovations" as no-money-down loans that required little or no financial information about the borrower — and loan applications that practically begged borrowers to fib about their income.
After a mailed check is cashed by a recipient, a Mariner rep follows up and solicits more information about the borrower — this helps in collections — and sometimes proposes additional lending.
If a bank refinanced a loan that soon became delinquent, Fannie and Freddie would look for evidence that the bank had violated the representations and warranties it had made about the borrower and the property, and force it to buy the defective loan back.
Dodd-Frank also requires lenders to make a good-faith judgment about the borrower's ability to pay or face the possibility of fines or lawsuits.
"This whole Dodd-Frank thing is all about the borrowers' ability to show that they are qualified to repay the loan," he said, referring to the 2010 financial reform law.
Yet that is exactly what some insurance companies and other investors are doing when they insure bank loans, bonds and other corporate debt.They know little or nothing about the borrowers, sometimes not even their names.
Among the regulations being proposed: forcing the banks to treat the loan like any other bank loan – like, say, a mortgage – and make a judgment about the borrowers ability to pay.
Like the manufacturers who lent dot-com start-ups the money to buy equipment from them, the Paris Club countries enjoyed making debt-fueled sales to Russia without worrying too much about the borrowers' profligacy.
