Sentence examples for resolving loans from inspiring English sources
Similarly, as so many mortgage holders found out after the housing bubble burst, careful and rigorous documentation is essential to resolving loans if they go bad.
Resolving nonperforming loans in euro area banks could deliver about three percent of loans in new lending capacity.
The process of resolving a loan default--from the date of initial delinquency, to the date when foreclosure proceedings commence, to the date when final sale proceeds are applied against the loan balance to calculate the true loss--can take about a year.
The investors also said that when borrowers tried to pay off or otherwise resolve defaulted loans, Compass/Silar refused to negotiate.
Bank of America's move to foreclose on the tower is one prominent sign that lenders are losing patience with large commercial borrowers and are stepping up efforts to resolve problem loans behind big properties.
As a result of these market jitters, he said, "lenders who had been waiting in the hopes that the market would improve, realized that things were still unstable and so they are more ready to resolve their loans now than in the past.Maybe not in the first quarter of this year, but by the second and third quarter I see a lot of things in the pipeline".
Others reported having implemented new underwriting systems or new ways to monitor and resolve problem loans, and some indicated that improving trends in the portfolio mean examiners' spotlights are shining less brightly on asset quality.
But many lenders are expected to participate voluntarily, because the government would be absorbing much of the cost of resolving their bad loans.
The pace of resolving these problem loans is slow and getting slower because of legal challenges, foreclosure moratoriums, government pressure to offer modifications and the inability of the lenders to cope with so many souring mortgages.
A report that the Moody's Corporation issued on Thursday found that, when it comes to resolving delinquent subprime loans, Bank of America had taken longer than the other six major servicers examined.
Less than 10percentt of the distress had been resolved through loan modifications or sales.
