Sentence examples for faulty loan from inspiring English sources

However, allowing significant principal modifications would stem the flood of foreclosures and reduce uncertainty about the housing market and mortgage securities, giving the authorities time to devise approaches to the messy problems of clouded titles and faulty loan conveyance.

Nor did the reviews focus on faulty loan-modification processes, like instances in which bank employees wrongly told borrowers they needed to be delinquent to qualify for new loan terms.

This month the government ordered that Spanish banks increase their reserves against faulty loans to €84 billion.

If Fannie Mae and Freddie Mac find flaws in the loan applications, they ask the banks to buy back the faulty loans, which can be expensive for the lenders.

But the two companies have cost taxpayers nearly $150 billion, and counting, by emulating private firms that gorged on faulty loans and mortgage-backed securities.

And when the conforming mortgages do default, the banks may not be able to predict what their losses will be because of the government's ability to send back faulty loans.

Despite growing confidence that the euro zone will survive its financial troubles, Spanish banks will continue to be hampered by weak domestic growth and potential further provisions to cover faulty loans, according to Citigroup analysts.

The bank also added $420 million to a separate reserve to cover expected losses stemming from the repurchase of faulty loans that it had sold to Fannie Mae and Freddie Mac, the government-controlled housing finance companies.

The bank previously set aside a separate reserve of more than $5.6 billion to cover expected losses stemming from the repurchase of faulty loans that it sold to Fannie Mae and Freddie Mac, the government-controlled housing finance companies.

To criticize a housing secretary for not being able to anticipate that Wall Street investment banks would devise complex financial structures whose profitability depended solely on abusive, faulty loans five years before such instruments existed is absurd.

Although tighter supervision and the smaller size of Citi's mortgage unit allowed it to avoid the charges that swamped Bank of America and Chase's results, Citi was still forced to set aside an extra $224 million to cover potential losses on securities backed by faulty loans that it had sold to investors.