Your English writing platform
Discover LudwigSuggestions(5)
Exact(2)
Because a mortgage broker typically sells loans on behalf of perhaps 10 lenders, at most, a borrower could be offered a range of loans that does not include the market's lowest.
As these rates increase, many worry that some of these people will struggle to keep the homes they re-mortgaged.There is an alternative to home equity loans that does not jeopardize home-ownership, and may offer an alternative way to fund retirement: reverse mortgages.
Similar(56)
Loans that did not were classified as exceptions.
Investors can demand that banks repurchase loans that did not meet underwriting guidelines or were inadequately vetted or processed.
Loans that don't meet the standards will be considered riskier, so the lender will have to retain 5 percent ownership.
These promises require mortgage originators to buy back at full value those loans that do not meet the standards.
For loans that don't fit — for instance, that are bigger than the government ceilings, which vary by county — down payments can be higher.
Since the financial crisis, many lawsuits have been filed against banks, asserting that banks filled bonds up with loans that didn't meet agreed-upon standards.
Yes, top-line commercial lending is up, but a closer look shows one segment of loans that did not increase: those to small businesses.
Mr. Buckley said that national housing organizers told officials at Fannie Mae that they did not want the agency to back loans that did not require down payments.
"We will not back loans that do not make sense and cost taxpayers money," said D. J. Nordquist, a spokeswoman for the Department of Housing and Urban Development, which runs the F.H.A.
More suggestions(2)
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com