Sentences with phrase «held by the lending institution»

To protect the lender when a loan is issued, a lien is placed on the property and the title is held by the lending institution.

Not exact matches

In case the Home has a mortgage plus a Home Equity; in case of delinquency; depending on the jurisdiction, the institution holding the mortgage has first right to claim full due followed by the institution lending home equity.

The monthly increase in the holdings of revolving credit by depository institutions may indicate that lending activity is beginning to grow.