10 percent family member pledge — This program allows a family member to contribute 10 percent of the original unpaid principal balance on a 100 percent LTV loan, provided that the borrower's income is less than or equal to 100 percent of the area median income, and the borrower contributes at least 3 percent to down payment and closing costs. (mortgage-x.com)
«Buyers are bidding on three pools of loans, with unpaid principal balances of $ 160 million, $ 141 million and $ 109 million respectively, according to loan broker Mission Capital Advisors. (nreionline.com)
NJCC has leveraged over $ 80 million in private investment to purchase more than 500 nonperforming FHA mortgages from HUD that total over $ 138 million in unpaid principal balance in the nine counties more severely affected by Sandy. (thestreet.com)