Sentence examples for documentation of the borrower from inspiring English sources

The F.H.A., which required its token down payment and documentation of the borrower's earning power, lost ground.

Half of them demand no documentation of the borrower's income.These loans are then bundled and sliced into complicated debt instruments.

Mr. Power said the investigations were a reflection of the "environment of greed" that allowed companies to package mortgages into securities they sold to investors without sufficient documentation of the borrower's ability to repay.

The bill, SB-1150, by Sen. Mark Leno (D-San Francisco) and Sen. Cathleen Galgiani (D-Stockton), would prevent servicers from moving forward with a foreclosure before requesting "reasonable" documentation of the borrower's death and the identity of the survivor.

Many of the loans acquired by Bear Stearns and EMC were subprime mortgages, including interest-only loans, and some were made with little or no documentation of the borrowers' income, the F.T.C. said.

And last year, almost 53percentt of its mortgages had not required documentation of a borrower's income, up from 35percentt in 1998, according to the company.

And Countrywide waited until Feb. 23 to stop peddling another risky product, loans that were worth more than 95percentt of a home's appraised value and required no documentation of a borrower's income.

And, increasingly, little or no documentation of a borrower's assets, employment and income is required for a loan.Interest-only mortgages are all the rage, along with so-called "negative amortisation loans" (the buyer pays less than the interest due and the unpaid principal and interest is added on to the loan).

Nearly half the loans on its books were "low documentation loans" that required less evidence of the borrower's ability to pay than did conventional loans.

She said almost 90percentt of loans during 2005 and 2006 to borrowers with poor credit records, and loans with little documentation provided by the borrower, were privately securitized.

Federal law requires creditors to give consumers written documentation of the costs and terms of loans and to allow borrowers to cancel certain home equity mortgage transactions.