Sentence examples for defaulted borrower from inspiring English sources

Trustee program officials found a defaulted borrower who was charged $10,260.50 in "prior service fees" with zero documentation.

Guy D. Cecala, the publisher of Inside Mortgage Finance, an industry newsletter, explained: "Are you better off leaving a defaulted borrower in there if they're at least maintaining the property?

AFTER examining their foreclosure practices for flaws in mortgage documentation and other procedures, many of the nation's largest banks have resumed — or will soon resume — trying to evict defaulted borrowers.

The Education Department earlier this year had 17 large debt collectors under contract to contact defaulted borrowers and persuade them to repay.

The Education Department refers defaulted borrowers for Social Security garnishments after the department's collection agencies fail to recoup on the soured debt.

Mr Baker would give defaulting borrowers the option to rent their homes at market rates.

"There clearly is a differential impact with defaulting borrowers having greater difficulty finding credit in the future," he said.

It seemed to be so flooded with defaulting borrowers that it didn't have time to foreclose on my house.

But analysts say that the wave of defaults still does not excuse lenders' failures to meet their legal obligations before trying to remove defaulting borrowers from their homes.

Rather than take defaulting borrowers to the region's notoriously slow courts, lenders are investing heavily in systems to spot and chase late payments.

That would raise the stakes from the current practice, which strongly encourages lenders to evaluate defaulting borrowers for a modification but does not make it mandatory.