Sentence examples for the proper loans from inspiring English sources
Representatives of these data firms argue that their products merely help lenders more carefully pair people with the proper loans, at their moment of greatest need.
The rules also are intended to prevent hasty foreclosures that don't give borrowers the proper loan modification options.
But instead of requiring lenders to replace these funky mortgages with proper loans, Wall Street firms kept funneling the junk into securities and selling them to investors, investigators have found.
The lawsuits generally allege that the issuers and underwriters, including Goldman Sachs, Morgan Stanley and Bank of America, misstated the owner occupancy percentage and loan-to-value ratio for the pool of loans included in the mortgage-backed securities and falsely certified that the lenders complied with proper loan underwriting procedures.
"Then I will get a proper loan," he says.After the meeting we have lunch at the Katulani café, a bare room with an anaemic roof that lets in daylight and fresh air.
Staff were reeducated in the notion of shareholder value and proper loan-screening.
Loans were heaped into trusts with little documentation of ownership or proper loan assignments — it was all about volume and the fees that came with it — and now that sloppiness is hurting both lenders and borrowers.
Failing to ensure the proper transfer of mortgage loan documentation to the securitization
trusts, which may have resulted in the failure of securitizations to own the loans upon which
they claimed to foreclose.
Prospective buyers of new jumbo mortgage-backed securities will want assurances the loans have all the proper documents and proof of income.
Last month, it said that it would tighten the criteria for the asset-backed securities that it would accept as collateral against loans, to restore the "proper functioning" of markets.
