Insured Loan

(redirected from Insured Loans)

Insured Loan

A loan on which payment is guaranteed by an insurance company, especially one with a high credit rating. An insured loan is protected against default because, if default does occur, the insurance company will pay the lender what is owed. Insured loans carry lower interest rates than uninsured loans because there is less risk involved.
References in periodicals archive ?
Maintaining balance and acquiring stable funding, such as government insured loans and deposits, are favored by consumers, lenders, and policymakers as effective agents of lending and monetary policy.
Depending on the pay down of the insured pool and the principal amount of insured loans that become seriously delinquent, the total coverage amount may be lowered at the first anniversary and each month thereafter.
If defaults on insured loans ever caused the HFCLIF and debt service reserves to be depleted, statutes and transaction documents require the state treasurer to issue debentures on parity with the state's GO bonds in the amount of principal and interest due but not paid, at a payment schedule and coupon rate identical to those of the bonds associated with the defaulted loan.
The company said that the HUD approval is segmented into two components: USD360m in HUD insured loans secured by certain facilities previously owned by Skilled Healthcare and USD400m of additional HUD insured loans conditioned upon the submission to and acceptance by HUD of additional qualifying assets.
FHA insured loans have allowed borrowers with lower credit scores to make lower down payments - something that isn't possible through most loans backed by conventional mortgage insurance.
It was a record month for the firm with 23,661 insured loans of 8,909 vehicles across the UK.
He complained that the banks have been granted full authority to secure its rights even on the insured loans from insurance companies and the heirs.
Bipartisan support for the bill was the result of weeks of negotiations between the sponsor, Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Banking Committee Ranking Minority Member Richard Shelby (R-Ala.), principally about how to shield federal tax revenues from the risk of defaults on the new, federally insured loans.
The deduction was created to bring parity between insured loans and so-called "piggyback" loans.
* Guaranteed Loans--Included here are mortgage insurance for homes, federal family education loan programs, veterans' housing guaranteed and insured loans, mortgage insurance--condominiums, U.S.D.S.
In 1978 Congress had passed legislation that entitled all college students to federally insured loans. Suddenly, colleges had leverage to punish students for misusing their leisure time.