Sentences with phrase «dfi first lien»

While proceeds from a Caesars Interactive online games unit sale will help the bankruptcy estate, junior creditors may still object to the distribution of the funds because more money will end up in the hands of first lien banks and lenders.

First liens only.

We invest in countries around the world at all levels of the capital structure — from debt (first lien bank debt, second lien loans and high yield bonds) to undervalued equity.

Negative equity borrowers often achieved high loan - to - value ratios with subordinate liens in addition to their first lien and had higher than average debt - to - income ratios.

James joined Triangle Capital (NYSE: TCAP)-- a publicly traded business development company focused on a variety of customized financing solutions including first lien, unitranche, and subordinated debt as well as equity for lower middle market companies — in 2010.

They are present in many industries and aim mainly for first lien debts (source):

It can sometimes be sensible, then, to shift a portion of the balance from your first lien to your new second mortgage to exploit this quirk in pricing.

If there's any money remaining after the first lien holder gets paid, then the holder of the second lien gets paid.

It's for first liens only.

As noted in the Fund's June 30, 2016 Semi-Annual Report, the Fund held approximately $ 30 million market value of TXU Energy's first lien debt which was yielding approximately 15 % at the time it was converted into equity in the new TCEH Corp..

For investors, this meant that in just a few years they had gone from needing to write checks that were likely six figures, to now being able to invest as little as $ 100 in a first lien mortgage!

The existing first lien may include the interest charged by the servicing lender, when the payoff is not received by the first of the month, but may not include any delinquent interest.

Existing Debt: Add the sum of the existing FHA insured first lien, closing costs, reasonable discount points and the prepaid expenses necessary to establish the escrow account, and subtract any refund of upfront mortgage insurance premiums (UFMIP) as described below.

The program provides financial incentives to mortgage servicers if they modify first lien mortgages to lower the monthly payment.

b) The sum of the existing first lien, any purchase money second mortgage and / or any junior liens over 12 months old, closing costs, prepaid expenses, accrued late charges, escrow shortages, borrower paid repairs required by the appraisal, discount points, prepaid penalties charged on a conventional loan and FHA Title 1 loans as determined by the appropriate HOC subtract any refund of refund of upfront MIP.

Since 2MP is meant to be complementary to HAMP, a homeowner must have their first lien modified through HAMP before the second lien can be modified under 2MP.

IN: DFI First Lien Mortgage Lending License 21573; DFI Subordinate Lien Mortgage Lending License 21574 MI: First Mortgage Broker / Lender License FL0017723; Second Mortgage Broker / Lender Registrant License SR0017724.

The existing first lien may include the interest charged by the servicing lender when the payoff is not received on the first day of the month as is typically assessed on FHA mortgages, late charges or escrow shortages, but may not include delinquent interest.

In doing so, the borrower can take cash out of their equity to use for other purposes while preserving their first lien.

We have seen owners use a second mortgage to keep a desirable first lien intact while cashing out equity to use for other purposes, such as college tuition.

First lien up to 60 months lowest rate is 3.50 % ($ 18.20 per thousand) and highest rate up to 240 months is 6.00 % APR ($ 7.18 per thousand).

«If the new maximum FHA loan is not enough to pay off the existing first lien, closing costs and arrearages,» said HUD, «the lender may execute a second lien at closing to pay the difference.

FHA will permit the inclusion of the existing first lien, any purchase money second mortgage, closing costs, prepaid expenses, discount points, prepayment penalties, and late charges.

3) As a first lien.

1Restrictions apply to first lien positions on Home Equity Loans.

Additional collateral requirements: First lien on accounts receivable and inventory.

Benefits of Cash - Out Refinances include possibly lower rates and simpler terms since the cash out is provided on the loan in the first lien position on the home, and a second mortgage is not applicable.

Mortgage lender (second lien and beyond)-- provides some money for the purchase, but in foreclosure gets paid after the first lien lender.

Appraiser — gives an estimate of the value of the property so that the first lien lender does not lend too much.

The first lien said Mr. Black is indebted to the Canada Revenue Agency for unpaid income taxes totalling $ 12,307,717.15.

30 - year term only available for first liens.

Typically, your mortgage is considered the first lien because, in case of foreclosure or sales of the property, it's the first loan that must be repaid.

These are first lien deals, meaning PeerStreet investors are paid first if in the event of delinquency.

For example - first lien + second lien / appraised value = LTV, or loan amount / purchase price of property = LTV.

Its investment portfolio consists of senior secured first lien loans and senior secured second lien loans.

It's for first liens only.

Loan secured by a first lien against a single family home.

BND requires first lien position on real estate, equipment and other security as may be appropriate.

The 2nd lien holder has a loss sharing arrangement with the FDIC that will allow them to collect substantially more than the amount offered by the first lien holder under the short sale scenario.

Basically it's hard - money lending institutionalized, with a first lien on the properties.

However, if your house is completely paid for and you have no mortgage, some lenders allow you to open a home equity line of credit in the first lien position, meaning the HELOC will be your first mortgage.

Evidence that all remaining PUD HOA assessments are subordinate to the first lien is required to be documented in the mortgage file.

A refinance is a first lien or mortgage on your property.

They are present in many industries and aim mainly for first lien debts (source):

This notion is further supported by the inherent risk premium for stocks over bonds because stockholders are behind bondholders in the first lien on a company's resources in bankruptcy.

The rate featured is based on a loan - to - value ratio up to 80 % for loans of $ 50,000 and above, a maximum loan to value of up to 80 %, terms between 121 - 180 months, and ESL listed as the first lien holder on the property.

What does the first lien holder do when the 2nd mortgage is sold?

PSECU must be first lien holder.

Lines over $ 250,000 in first lien position may require title insurance.

The reverse mortgage must be the first lien on the property, so any existing liens on the property, including mortgages, must be repaid in full.