Sentence examples for first lien from inspiring English sources

Housing finance experts have expressed concern that principal reduction would unfairly benefit the banks that own many of those second liens, with some calling for second liens to be wiped out if the first lien gets cut.

Naturally, lenders prefer to be in the first lien position.

City of Houston, Tex., Combined Utility System, $275 million of first lien revenue refunding bonds.

For example, the purchase price for a performing first lien loan is 6 percent higher if done under a plan.

When it is the first lien holder, it will offer the same to holders of the second lien.

The first lien holder has the first right to any money recovered, and the second lien holder has to wait its turn.

"Say it's 70 cents on the dollar, or $40 million for the first-lien mortgage," he said.

The quarterly regulators' report is one of the broadest surveys of loan performance, covering 34 million first-lien loans.

His standing lay in his role representing three Indiana pension funds that held pieces of Chrysler's first-lien debt.

The message was sent to various people including executives at JPMorgan Chase & Co., which represents the first-lien lenders in the bankruptcy case.

Since the price for such permission would almost certainly have been equal treatment of both classes, the first-lien lot walked away, leaving the company with no money.