Sentence examples similar to subordinate mortgage from inspiring English sources

Texas, $118 million of utility subordinated debt mortgage bonds.

Overcollateralization protects lenders from loan losses traditional 20% homeowner down payments protect lenders from losses in the case of conventional mortgages; comparably sized subordinate tranches of mortgage securitizations protect AAA-rated debt in the case of subprime no-money-down mortgages.

The lien shall be subordinate to all mortgages existing on the property on the date on which the first assistance payment is made.

They would also void second mortgages, subordinate home equity loans and allow this to apply to all, wealthy speculators included, by not requiring bankruptcy of the recipient of this taxpayer largess.

A deferred payment loan assisted with amount  provided under a grant under this section shall be secured by a lien on the property involved, which lien shall be subordinate to the first mortgage on the property.

In 1926, he died while being questioned by a deputy New York state attorney general, Keyes Winter, who found that Mr. Flagg had sold shares of 14 West 68th Street without revealing they were subordinate to a first mortgage.

He made no secret of his belief that the CDOs' subordinate claims on the mortgage collateral were close to worthless.

The key differences are that the term is usually shorter and the interest rate will be higher because the second mortgage is subordinate to your existing mortgage.

In late 2004 a different type of subordinate financing of residential mortgages took off, in the form of collateralized debt obligations, or CDOs.

The holder of the second mortgage must agree to subordinate and remain in second position.

Indian Land sought to go through with the foreclosure and dismiss the counterclaim from Fonville & Co., saying Fonville & Co. had willingly subordinated its secondary loan to the primary mortgage.