Sentence examples for direct borrowers from inspiring English sources

"One particularly pernicious type of abuse was that servicers would direct borrowers who were current on their mortgages to start skipping payments, telling them that that would allow them to qualify for a HAMP modification," Barofsky writes in his book.

Roughly $7 billion of the deal is earmarked for direct borrower relief, and a large chunk of that is expected to involve principal write-downs for underwater owners.

On its website, the Education Department directs borrowers who believe their employer qualifies to submit a certification form to FedLoan.

The CFPB also alleges that Navient improperly directed borrowers into forbearance when these borrowers otherwise might have qualified for income-driven repayment plans, and did not adequately keep borrowers in income-driven plans informed of deadlines to maintain their eligibility under such plans.

Today, student loans are the single largest debt obligation category in the United States aside from mortgages -- almost $1.3 trillion - and in 2015, according to the GAO, almost 20% of Direct Loan borrowers were delinquent on their loan payments and more than a million borrowers defaulted.

●Expensive marketing directed to borrowers with poor credentials and few options.

The administration's earlier efforts to stem foreclosures have largely been directed at borrowers who were experiencing financial hardship.

"Our concern is that changes" have "reduced the basic competitiveness of banks and that the trend toward direct investor-borrower linkages will continue," he said.

The concern was that these schools may be directing student borrowers to one specific lender, and could possibly engaging in revenue sharing with the lender.

Borrower advocates said they were unaware of any similar efforts directed at borrowers who were behind on one set of their federal student debt, but current on their other Education Department loans.

But when lenders offer direct-to-borrower student loans, federal financial aid is not factored in and students are able to borrow without limits, opening the door for subprime lending.