payments past due

See: arrears
Mentioned in ?
References in periodicals archive ?
A credit report will show a profile of a borrowers credit accounts across all lenders, including repayment history, number of payments past due , and a record of enquiries made by lenders.
(12) Therefore, if there were 96 monthly payments past due, each past-due payment required an interest calculation, each of which required more than a few minutes to perform.
The survey said just 16 loans, totaling $88.9 million, were two or more payments past due. Ten of the 14 mortgage banking firms included reported zero delinquencies; the survey includes $46.1 billion of commercial/multifamily loans, most of which are not securitized.
Qualified homeowners will receive a 0% interest loan that covers the amount of mortgage payments past due on their primary residence.
Certainly, as an account becomes several payments past due, the likelihood of pursuing legal action increases.
Through active calling and letter-writing campaigns, workshops, regional outreach events and door-to-door contact, Wells Fargo Home Mortgage has reached 94 percent of its customers who are two or more payments past due. For every 10 of these customers, it has worked with seven on a solution, two declined the help, and the remainder cannot be reached or a solution simply cannot be found.
In addition, data on the proportion of loans that have payments past due provide more direct measures of repayment problems, while personal bankruptcy statistics indicate the frequency of the most severe problems-those in which debtors find the situation so extreme as to seek resolution from the courts.
They include: looking at the credit report and/or payment history and determining if there have been any payments past due for over 30 days in the last six or 12 months; determining what the LTV ratio is, whether or not the loan is owned by Fan-nie Mae or Freddie Mac and if the loan was made on or before May 2009; and finally determining that it has not been refinanced as a HARP loan before.
However, the survey showed 27 loans, at $200.2 million, were two or more payments past due. Six loans at $33.9 million were in foreclosure.
While 21 loans ($420.8 million) were two or more payments past due, office buildings secured 10 of those loans (nearly $300 million) and industrial represented one delinquent loan for $5.3 million, with two research and development property loans at $5.9 million.
The survey found 27 loans at $678.9 million were two or more payments past due, which determined delinquencies.
The survey considers loans delinquent if they are two or more payments past due. Loans in the process of foreclosure are included, regardless of the number of payments past due.