Sentence examples for benefit to the borrower from inspiring English sources

*Loan flipping -- refinancing a loan without "tangible net benefit" to the borrower -- is prohibited.

"The benefit to the borrower is saving thousands of dollars in interest, because of the shorter term," said Thomas Pinkowish, a mortgage industry consultant in Essex, Conn.

In its settlement with the state attorneys-general, Household has promised to cap loan-origination fees and front-end payments at 5%, to restrict prepayment penalty periods to two years and to ensure that all real-estate-secured loans provide a net tangible benefit to the borrower.

The comptroller's office, he said, "came to the realization that maintaining our course would significantly delay compensation without appreciable benefit to the affected borrowers.

A long line of studies has found that the benefit to borrowers is relatively modest, less than one percentage point.

If the Bank of England cuts to 2%, as it may on Thursday, lenders will be under pressure to pass on the full benefit to borrowers.

This is expected to be the chief benefit to borrowers, who are sometimes subject to confusing changes when their loans are moved from one servicer to another under the current system.

Releasing the liens provides a benefit to borrowers when they go to sell their homes, and both banks said the letters were intended to notify borrowers whose liens were being released.

In short sales, banks let owners sell properties for less than what is owed on them, providing a significant benefit to borrowers who cannot afford to keep paying the mortgage but want to avoid foreclosure.

But administration officials also said that they would work with Congress to ensure that program benefits go to the neediest borrowers and that they might consider limits on how much can be borrowed and forgiven.

"Debt consolidation can benefit the borrower who is making informed decisions," Ms. Ludwig said.