Sentence examples for check borrower from inspiring English sources

The Golden State has also taken steps to reform the program, amending PACE in October by adding requirements that companies check borrower income before approving financing and prevent kickbacks with contractors.

Lenders, for instance, will have to check borrowers' income and assets.

Lenders still do not routinely check borrowers' incomes with the I.R.S., Mr. Summers said.

If there are problems with those loans that lead to default — if the bank didn't properly check a borrower's income, for example — the government can effectively send them back to the bank that made them.

Upon receipt of check, give borrower the loan.

The FSA wants banks to check that borrowers are not artificially inflating their income.

Often lost amid this scrutiny, brokers argue, is the fact that lenders themselves checked the borrower's finances and willingly approved these loans.

If you fail to inform your lender – and the CML says they are unlikely to proactively check whether borrowers are Airbnb hosts – initially you'll probably get a warning that you need to stop hosting.

Another shift — a legacy of the mortgage meltdown — is that banks now typically run another credit check on borrowers days before a closing takes place, which means buyers need to avoid any financial changes that might jeopardize getting to the closing table.

On Thursday, the Bank of England announced a wait-and-see approach to the housing market, recommending restricting the amount of lending banks and building societies can do at more than 4.5 times an applicant's income, and forcing them to check that borrowers can still afford repayments if interest rates rise by 3%.

"It’s really to check on borrowers and see how they are doing".