Sentence examples for defaulting borrowers from inspiring English sources

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.

Many economists argue that there is no role in such a case for outsiders: creditors and defaulting borrowers are best left to sort things out for themselves.

American mortgages are non-recourse in many states, making it harder for lenders to pursue defaulting borrowers; not in most of Canada.

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

For its part, the CFPB on Monday sent loan servicers a request for information on how previously defaulted borrowers perform over time.

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.

Through rehabilitation, defaulted borrowers must make nine on-time payments in 10 months to cure their default.

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.