Sentences with phrase «face value of your mortgage»

And for Ireland, market value of real estate covers only about 30 % of the face value of mortgages.

As Financial Times columnist Martin Wolf noted on Wednesday, Sept. 24, the problem is that the face value of mortgage loans and a raft of other bad loans far exceeds current market prices or prices that are likely to be realized this year, next year or the year after that.

the mortgage could be assigned by the QI and put toward the acquisition of the replacement property, whose seller would accept the face value of the mortgage as consideration.

CMHC seems to be taking the original face value of the mortgages as their «hard cap».

(This is also a great option for many families who often get mortgage life insurance instead, which is more expensive than term life and the payout declines as the face value of the mortgage declines.)

This is the face value of your mortgage on day one, and it represents the total amount of money you haven't repaid yet.

Not exact matches

Also of note, Fred Small at CompassPoint reckons that this quarter banks and non-banks alike could be facing a 5 % downward adjustment in the value of our favorite asset, mortgage servicing rights (MSRs).

The Monster is by far the most readable explanation of the mortgage meltdown, something everyone who has faced declining home values should read.

As for the U.S. financial system - particularly major banks - I am continually perplexed by the juxtaposition of tens of millions of underwater mortgages and millions of delinquent and unforeclosed homes, coupled with a set of FASB accounting rules (revised at the height of the recent crisis) that allows these debts to be carried at face value upon the discretion of the banks that report the data.

Online and nonbank mortgage lenders may have taken the lion's share of the mortgage market, but the value of face - to - face interaction with a local loan officer is still difficult to replace.

With the market uncertainty about the ultimate losses in structured securities backed by the residential real estate mortgages, and in light of the dramatic drop in the value of shares of publicly - traded FGIs, the FGIs face a difficult market for new capital.

The true fair market value for these mortgages is arguably far below their face value, given the likelihood of default, with its attendant costs.

3) Allow «toxic asset» purchases using public funds only to the extent that the entire issuance of various securitized mortgage pools can be purchased «all or none» at a moderate percentage of face value.

Even conventional borrowers with ARM and hybrid mortgages could face a crunch, especially those who stretched their finances to buy a home, those who took advantage of loose lending standards by taking out big loans without showing documented proof they could afford it, and those whose home values have plummeted below the mortgage amount.

At the time the option was entered into, there are three mortgages registered against the property with a total face value of $ 1.95 million.

It was also «difficult» for the Court to «imagine» the Respondent would agree to assume the mortgages in question (their face value was $ 1.95 million, more than five times the suggested market value of the property).

Countrywide sought to rely on the partial defences of contributory negligence and failure to mitigate as it felt that the lender did not make proper underwriting checks and was irresponsible in taking information on a self - certification mortgage application at face value.

Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, term life insurance plans pay the full original face value of your policy to your beneficiary.

Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, the CoverMe Term Life plan pays the full original face value of your policy to your beneficiary.

A mortgage life policy is a type of term life, meaning that it does not have a face value.

Example: A 5 - year - old mortgage note with a face value of $ 100,000 and an amortization term of 20 years at 2.8 percent interest is worth far less than $ 100,000 for two reasons: (1) The principal balance is now a little under $ 80,000.

The death benefit on mortgage life insurance will decrease over time, with the face value always being approximately equal to the payoff amount of the mortgage.

You can see how the face value drops over time, in line with the amount of payoff left on the mortgage.

If you have a 30 - year mortgage and owe $ 200,000... voila, you know your amount (policy «face value») of coverage you need and length of time («term» in life insurance jargon).

Accelerated Death Benefit Accidental Death and Dismemberment Actuary Annuity Application Beneficiary Cash Value Coverage Death Benefit Endowment Life Insurance Extended Term Life Insurance Option Face Amount Guaranteed Acceptance Life Insurance Health Class Insurance Agent Insurance Broker Life Insurance Life Insurance Policy Medical Exam Mortgage Insurance No Medical Exam Life Insurance Permanent Life Insurance Policy Owner Premium Return of Premium Life Insurance Second to Die Life Insurance Survivorship Life Insurance Term Life Insurance Uninsurable Universal Life Insurance Variable Life Insurance Whole Life Insurance

For example, once your mortgage is paid off you can reduce the face value of the policy to remove the portion you had planned for paying off the mortgage if you had died.

A decreasing value term life insurance life policy such as mortgage insurance has the drawback of having equal premiums throughout the course of the policy while the face value of the policy decreases over the same period.

Mortgage borrowers are espousing the benefits of technology in the process of financing a home, but also recognize the need for — and value — face - to - face interactions with lenders, according to a new survey.

Under that program, borrowers facing foreclosure can refinance into FHA - backed financing if the original lender writes down the balance of the mortgage to the current market value.

Could it be a grim and grinchy December for thousands of homeowners facing ongoing challenges with their mortgage payments and property values?

Could it be a grim and Grinchy December for thousands of homeowners facing ongoing challenges with their mortgage payments and property values?

In addition, the lender faces the risk that the value of the property underlying the mortgage could drop in value to below the outstanding balance on the mortgage; if this event induces the borrower to default due to moral hazard, the lender must not only incur the costs of implementing a foreclosure but also must sell the property at a price that fails to recoup the lender's investment.