Sentence examples for change loans from inspiring English sources
Under current laws, judges are prohibited from reducing the balance on those mortgages but can change loans backed by commercial property or second homes.
Officials at banks and policy makers who have pushed for loan modifications say the servicing companies have the right to change loans if doing so will maximize returns to all investors.
However, the length of auditor tenure within rotation fails to significantly change loan officers' perceptions of independence.
One reason is that the financial powers behind Hope Now — mortgage lenders, loan servicers and big investors — are reluctant to change loan terms substantially if doing so hurts them.
In a recent hearing in a Senate banking subcommittee, witnesses proposed new laws and regulations to change loan-servicing standards in ways that would prevent banks from putting their interests above those of everyone else.
Thus, proposals to change loan loss accounting embed significant risks of unintended consequences, as gains from reducing pro-cyclicality may be swamped by losses in transparency that dampen market discipline and increase the scope for less prudent risk-taking by banks.
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"In just one year the government has scrapped maintenance grants, NHS bursaries, cut the disabled students' allowance to the bone, changed loan repayment terms to make graduates pay back their loans faster and is now planning a further rise in tuition fees.
"Nocella and McCann used the loan modification scheme like a magic wand to change nonperforming loans into performing assets," Robert Khuzami, the agency's enforcement director, said in a statement accompanying the charges.
The president succeeded in fights with Republicans to extend the payroll tax cut in 2011 and to change student loans.
The Department of Housing and Urban Development made a similar change for loans backed by the Federal Housing Administration, where limits were raised to as high as $729,750 in expensive areas.
