A cost-of-funds index is an average of rates that lenders pay for deposits and other borrowings.

It would also require lenders to pay interest of 5.25 percent on money held in escrow.

The lender literally pays the borrower to take it away for a while.

The lender usually pays an interest rate close to the current Federal funds rate.

In all cases, the lender would pay $1,500.

That is, he thinks the lenders should pay him money.

Of that 1 percent tax, the lender pays 25 percent and the buyer the rest, less $25.

Then you and your lender will pay what is owed to the seller, including the remainder of your down payment.

The lender may pay the association more if more graduates use its consolidation loans.

Many donors say they want to encourage decentralization and reinforce democratic practices, to which most lenders have paid only lip service in the past.