Sentence examples for the primary lender from inspiring English sources

In such cases, if the property goes into foreclosure, the primary lender has first right of repayment.

The F. D. Rich Company of Stamford, Conn., planned office towers on the site but Citicorp, the primary lender, foreclosed in 1991.

GMAC is now the primary lender to dealers of both G.M. and Chrysler, and it provides financing to customers of both automakers as well.

Some of the debt relief money would replenish the coffers of the financial institutions, the primary lender to the poorest nations.

Buyers who put down less than 20percentt when buying their home are required to buy the insurance to protect not themselves but the primary lender, she noted.

While there was enough value in the deal to pay off the primary lender, there was nothing left to pay Fonville, the secondary lender.

The primary lenders servicing those loans — like Countrywide — would earn new fees for the loan adjustments.

Although they do not directly write mortgages, they buy them from the primary lenders, sell them to other investors and guarantee them against default.

A report published in May by the Sierra Club and the Rainforest Action Network estimated that nine banks were the primary lenders for companies engaged in mountaintop removal mining in Appalachia, and that they had provided nearly $4 billion in loans and bond underwriting to those companies — chiefly Massey Energy, Patriot Coal, and Alpha Natural Resources — since 2008.

The primary lenders to farmers and small businesses are community banks.

In November, Citigroup, the firm's primary lender, said that it would not renew the credit line a decision probably influenced by Dewey & LeBoeuf's many layoffs and by the plight of law firms generally.