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forbears
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The answer FORBEARS has 9 possible clue(s) in existing crosswords.
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The word FORBEARS is VALID in some board games. Check FORBEARS in word games in Scrabble, Words With Friends, see scores, anagrams etc.
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Definitions of forbears in various dictionaries:
noun - a person from whom you are descended
verb - refrain from doing
verb - resist doing something
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Keep reading for additional results and analysis below.
| Possible Dictionary Clues |
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| Politely or patiently restrain an impulse to do something refrain. |
| Plural form of forbear. |
| Third-person singular simple present indicative form of forbear. |
| variant spelling of |
| politely or patiently restrain an impulse to do something refrain. |
| Forbears might refer to |
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In the context of a mortgage process, forbearance is a special agreement between the lender and the borrower to delay a foreclosure. The literal meaning of forbearance is “holding back.” * When mortgage borrowers are unable to meet their repayment terms, lenders may opt to foreclose. To avoid foreclosure, the lender and the borrower can make an agreement called "forbearance". According to this agreement, the lender delays its right to exercise foreclosure if the borrower can catch up to its payment schedule by a certain time. This period and the payment plan depend on the details of the agreement that is accepted by both parties. * Historically, forbearance has been granted for customers in temporary or short-term financial difficulty. If the borrower has more serious problems, e. g. the return to full mortgage payments in the long term does not appear sustainable, then forbearance is usually not a solution. Each lender is likely to have its own suite of forbearance products. * Examples of the types of forbearance which lenders may potentially consider include:* A full moratorium on payments * Reduced payments: * Above Interest-Only (termed Positive-Amortising) * Below Interest-Only (Negative-Amortising) * Interest Only * Reduced interest rate * Split MortgageIt needs to be understood that the type of forbearance being granted is being provided based on the customer's individual circumstances. For example, borrowers in short-term financial difficulty would be more likely to be approved of either a (short term) full moratorium or negative-amortising deal than customers in long-term financial difficulty, where the lender would at all times seek to ensure that the capital balance continues to be reduced (via an amortising forbearance arrangement). Negative-amortising forbearance arrangements are only suitable as short-term deals since failure to pay interest timely and/or on the whole loan balance is effectively is additional borrowing. * A lender who grants a forbearance is refraining from enforcing its right to realize interest on securities under their agreement or contract with the borrower. This is done to assist the borrower in returning to a performing financial position as well as better position the lender to realize its security should the borrower fail to perform. The borrower does not escape their debt obligations by accepting the agreed forbearance amount and/or terms. On expiry of the agreed forbearance period the loan account reverts to its original form. In many instances, upon expiration of the forbearance period, the difference between the level of forbearance granted and the full repayment (which was missed) is recalculated over the remaining term and the customer's new repayment is based on the current loan balance, rate and term. * Some exceptions to this is where a reduced rate was given (where the possible intention here to reduce the capital balance as quickly as possible, thereby reducing the loan to value) or where the type of for... |