Mortgages, pledges, and pawns are a generic species of the lien to the extent that they create creditor interests in property, although the law governing these differs substantially from that which applies to the lien.
With foreclosures surging, the last thing the nation needs is another government-hosted meeting where mortgage lenders pledge once again to do their utmost to help distressed borrowers stay in their homes — and then go back to the business of foreclosure.
On the one hand, we want to construct different credit risk assessment model according to different supply chain financing mode, including inventory mortgage, receivables pledge and purchase-order financing.
Countrywide, the nation's largest mortgage lender, pledged to help some 80,000 borrowers, and potentially many more, restructure their mortgages to avoid foreclosure.
At the time of the crystallization, the "floating" charge is fixed and the beneficiary may then exercise its rights over it.58 The floating charge is based on property that has not already been specifically mortgaged or pledged.
Then the first bank run in Britain since Victorian times was stopped only when the Treasury guaranteed all the deposits at beleaguered Northern Rock, the country's fifth-biggest mortgage lender.Following that pledge, which Alistair Darling, the chancellor of the exchequer, made on September 17th, the patient has shown some signs of recovery.
Everything from "mortgage" ("Literally 'dead pledge', and if it were called that maybe more people would think twice about getting one…") to more arcane terms like the "Laffer Curve" and the "Vix Index", is subjected to his Johnsonian attention and wit.
Banks could pledge mortgages or other outstanding loan obligations, expanding the potential pool of collateral by about €200 billion, according to E.C.B. estimates.
WASHINGTON (AP) — Mortgage companies are pledging to let troubled borrowers know whether they are approved for help within 45 days of receiving a homeowner's application.
The twist was that banks could pledge mortgage-backed securities as collateral — including securities that could not be traded and had no market price.
