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The risk of the home loan gets transferred from the bank/FIs to the mortgage guarantee company. It will help the company. who are leveraging the product to grow their books, HDFC said. Get access.
A couple who guaranteed a 400,000 loan made in 2009 by AIB to their son, since described by the bank as a “vulnerable customer”, can defend its claim for judgment against them on grounds their son.
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To qualify for an FSA Guarantee, a loan applicant must: be a citizen of the United States (or legal resident alien), which includes Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and certain former Pacific Trust Territories; have an acceptable credit history as determined by the lender
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