Sentence examples for closed mortgage from inspiring English sources

Since October 2010, Bradford & Bingley has been managed and governed under the Board of UK Asset Resolution (UKAR), the holding company for B&B and NRAM Limited (i.e. Northern Rock), created to facilitate the orderly management of the closed mortgage books of both B&B and NRAM and maximise value for taxpayers.

Closed mortgage books diminish quickly as creditworthy borrowers remortgage elsewhere at cheaper rates and leave behind those who are rejected by other banks.Whatever the merits of Mr Cowdery's larger ambitions, for B&B's board, his proposal spells trouble.

"The wholesale funding markets remain largely closed, and mortgage funding still remains constrained," he said.

With respect to an insured depository institution or insured credit union, the requirements of paragraphs (5) and (6) of subsection (b) shall not apply with respect to closed-end mortgage loans if the insured depository institution or insured credit union originated fewer than 500 closed-end mortgage loans in each of the 2 preceding calendar years.

Or take a lump sum at the time the reverse mortgage is closed and use that money for any personal project, or to pay medical expenses.

Our main results include: (a) explicit modelling of repayment and interest-only CWMs; (b) closed form formula for mortgage payment and mortgage balance of a repayment CWM; (c) a closed form formula for the actuarially fair mortgage rate of an interest-only CWM.

"There are many closed-end bond funds and mortgage funds that were just annihilated in May," said Anthony Baruffi, a senior portfolio manager at SNW Asset Management in Seattle, which specializes in fixed-income assets.

The push for subprime borrowers has not extended to the mortgage market, which remains closed to all but the most creditworthy.

The closed-end fund is to buy distressed mortgage securities from financial companies — the very investments that have hurt so many banks.

If a mule is caught, it is likely they will have a fraud marker put on their records, which results in their current bank account being closed and prevents any further loans or mortgages from being granted.

Instead, he suspects that the politics of the mortgage settlement will play out behind closed doors and through campaign contributions.