Sentences with phrase «of first lien»

If and when the buyer gets a refinance loan, the wrapped loan is paid and released, and the seller keeps any cash that exceeds the payoff amount of this 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.

Do you know this info, as well as the basic terms of her first liens?

Not exact matches

Sure some people make money on tax liens, but it's the small minority and not an investment suited for someone who doesn't first have tens of thousands of dollars invested.

Of Wells Fargo's conventional first - lien mortgages (unadjusted for income, location, loan size, and lender type), high cost loans made up 45.8 % of the loans to African - Americans, 22.6 % of the loans to Latinos, and 12.4Of Wells Fargo's conventional first - lien mortgages (unadjusted for income, location, loan size, and lender type), high cost loans made up 45.8 % of the loans to African - Americans, 22.6 % of the loans to Latinos, and 12.4of the loans to African - Americans, 22.6 % of the loans to Latinos, and 12.4of the loans to Latinos, and 12.4 %

Using an extensive set of data on loan performance that we have developed with Equifax, we find that multiple first mortgage lien holders — that is, people owning more than one home — account for about 40 percent of the dollar volume of seriously delinquent mortgage balances, up from about 5 percent in 2004 (Chart 10).

Argonaut is also among the company's first - lien lenders, meaning it will be the first to be repaid, ahead of the U.S. government.

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.

Measures of negative equity have become a key component in crafting policies to address the foreclosure crisis, as these borrowers are twice as likely to be seriously delinquent or in default on their first - lien mortgage compared with positive equity borrowers.

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.

Our revolving credit facilities provide our lenders with first - priority liens against substantially all of our assets, including our intellectual property, and contain financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition.

This group of first - lien lenders will also provide $ 575 million in new capital, including a $ 250 million first - lien loan.

Issue Size Increased Houston - based Calpine, an independent power producer with 93 plants and customers in 21 states, sold $ 2 billion of first - lien senior secured notes due in February 2021 with a coupon of 7.5 %.

M360 Advisors («M360») is a U.S. - based investment management company that manages diversified portfolios of senior debt investments secured by first - priority liens on income - producing commercial real estate throughout the United States.

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.

He is responsible for the oversight of PNCBC's specialty lending products comprising Steel City Capital Funding, a provider of cash flow and 2nd lien financing; PNC Technology Finance which leverages the recurring revenue of sponsor backed software companies; and the Cerberus PNC Senior Loan Fund LLC, a provider of large first out cash flow financings.

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..

HOPE LIEN: I worked as a birth and post portem doula and a lactation counselor myself and so a few years ago when we decided to just start the adoption process I knew from doing some breastfeeding training myself that I would possible turn this lactation but I didn't really know I guess the details of that first and what I meant.

HOPE LIEN: Well surprisingly at my very first pumping session I did get some drops of kind of like sticky milk, I did not produce colostrum when you induce lactation but it was like a thicker kind of milk almost like honey or something like that and I was really surprised by that because I read from some other people it takes some a little bit longer and so I was really impressed that I had any milk...

Robert Troiano, former senior policy adviser for the Town of North Hempstead, first revealed his income tax liens to the town in 2017, despite years of unpaid taxes while on the town payroll.

Sheldon Ashkin, first deputy finance commissioner for the city, said Robinson makes an annual habit of paying his property taxes late, but before the city starts the process of filing delinquent tax liens.

MOTORCYCLE ATTACK: FIRST PICTURES of victim Alexian Lien.

Not seen any accidents, Drives great, Non-smoker owner, Arctic cold a / c, Never driven on Snow, No pets, Vehicle Runs Well, Upgraded stereo, Regularly maintained, Lots of storage, Must test drive, Done all Scheduled Maintenance, Title in possession, Primarily highway miles, Great first ride - All vehicles are guaranteed Clean title and free of any liens.

Has remaining factory warranty, Drives great, Family friendly, Single owner, Spotless interior, Great first ride, Arctic cold a / c, Non-smoker owner, Vehicle Runs Well, Smooth ride, Always parked indoors, New tires, All records in possession, Regularly maintained, Lots of storage, No pets, Never driven on Snow, Seats as good as new, Must test drive, Done all Scheduled Maintenance, Available Satellite Radio, Title in possession, Mint Condition - All vehicles are guaranteed Clean title and free of any liens.

The new model is the first in the industry designed to align with consumer - focused changes in the way Equifax, Experian and TransUnion handle several types of negative credit - file records, such as medical bills in collections, tax liens and public records.

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.

a) The loan is limited to a combined LTV (FHA insured first mortgage and any subordinated lien) of 85 % of the appraised value, provided the borrower has owned the property for at least one year.

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.

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.

Lenders first use reverse mortgage loan proceeds to pay off existing mortgages and liens on the property, after which borrowers may use the rest of the funds in almost any way they wish.

«Over 80 percent of all mortgage holders now have available equity to tap via first - lien cash - out refinance or home equity line of credit,» Black Knight reported.

«However, for low - to - moderate UPB borrowers taking out larger amounts of equity — again narrowing the scope to borrowers that will continue to itemize — the post-tax math may now favor cash - out refinances instead, even if it results in a slight increase to first - lien interest rates.»

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

1) The Piggy - Back (a.k.a.: Concurrent Lien, First and Second Combo) Borrowers purchasing a home, are able to use a «piggy - back» their first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment First and Second Combo) Borrowers purchasing a home, are able to use a «piggy - back» their first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment plan.

«Over half of the nation's tappable equity is held by borrowers with first - lien interest rates below 4.0 percent, making HELOCs an attractive option.»

A common secured product in the US is a 2nd lien holder to a home (the first being the mortgage), called a HELOC (Home Equity Line Of Credit).

In a program which went into effect Monday, HUD explains that with the exception of streamline refinance transactions, the combined amount of the FHA - insured first mortgage and any subordinate lien may not exceed the applicable FHA loan - to - value ratio AND the geographical maximum mortgage amount.

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.

* Under certain conditions explained below, FHA will insure first mortgages where (1) the existing note holder writes off the amount of indebtedness that can not be refinanced into the FHA insured mortgage; or (2) either the FHA approved lender making the new mortgage or the existing note holder may take back a second lien that includes closing costs, arrearages or previous secondary financing if the indebtedness exceeds FHA prescribed LTV and maximum mortgage amount limits.

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

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.

In the event of a short sale or foreclosure, the first position lien gets paid off first, and then the subordinate (second / third / fourth / etc) position one.

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

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.

«In the third quarter of 2010,» says Freddie Mac, «33 percent of homeowners who refinanced their first - lien home mortgage lowered their principal balance by paying - in additional money at the closing table.»

The problem is that the mortgage behemoths have issued guidelines to all of their lenders, stating that they will not purchase or fund loans on homes enrolled in the PACE programs unless the lien is repaid first.

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

The Principal Reduction with Recast Program or Lien Extinguishment (PRRPLE) program will lower monthly mortgage payments to affordable levels for eligible homeowners by providing (i) a reduction in the principal balance of their first mortgage loan, combined with a loan recast or modification, or (ii) principal reduction which results in a full lien extinguishmLien Extinguishment (PRRPLE) program will lower monthly mortgage payments to affordable levels for eligible homeowners by providing (i) a reduction in the principal balance of their first mortgage loan, combined with a loan recast or modification, or (ii) principal reduction which results in a full lien extinguishmlien extinguishment.