Sentences with phrase «mortgage loan covenants»

Not exact matches

It was also unsupported by the mortgage itself, including the standard charge terms containing the appellant's covenant to pay, the certificate of independent legal advice furnished by the appellant's solicitor in relation to the mortgage transaction, the mortgage commitment letter, and various other documents related to the mortgage loan.

Furthermore, in documents filed with the court by the appellant on a summary judgment motion in a related solicitor's negligence action, the appellant expressly acknowledged that he, rather than the trust, was the legal owner of the mortgaged property and that the relevant mortgage documents contained his personal covenant to repay the mortgage loan.

The National Association of Realtors ® applauds the Federal Housing Finance Agency for moving ahead with a proposed rule to restrict government - sponsored enterprises Fannie Mae and Freddie Mac and the 12 Federal Home Loan Banks from investing in mortgages encumbered by private transfer fee covenants.

As the leading advocate for homeownership and housing issues, NAR applauds the Federal Housing Finance Agency for issuing a final rule to restrict Fannie Mae, Freddie Mac and the Federal Home Loan Banks from investing in mortgages encumbered by private transfer fee covenants.

Lenders consider both the property (security) and the financial worth of the borrower (covenant) in deciding on a mortgage loan.