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Selling Guide
Selling Guide

... means without Fannie Mae’s prior written permission, except as may be provided herein or unless otherwise permitted by law. Limited permission to reproduce this publication in print in whole or in part and limited permission to distribute electronically parts of this publication are granted to Fanni ...
ALEXANDERS INC (Form: 10-K, Received: 02/27/2012 08:36:49)
ALEXANDERS INC (Form: 10-K, Received: 02/27/2012 08:36:49)

... The rents we receive and the occupancy levels at our properties may decline as a result of adverse changes in any of these factors. If our rental revenues and/or occupancy levels decline, we generally would expect to have less cash available to pay our indebtedness and for distribution to our stockh ...
Word - corporate
Word - corporate

... Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation as a result of adopting a new accounting pronouncement relating to debt issuance costs. See "Recent Accounting Pronouncements" for additional information. The information in th ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
UNITED STATES SECURITIES AND EXCHANGE COMMISSION

... Basis of Presentation - The consolidated interim financial statements are unaudited and, in the opinion of management, reflect all normal recurring adjustments, the use of retail statistics, and accruals and deferrals among periods required to match costs properly with the related revenue or activit ...
Real Estate - The Law Society of British Columbia
Real Estate - The Law Society of British Columbia

... so much as makes them anxious and nervous. Real estate licensees and clients often interpret lectures on the law as a negative comment as to their intelligence, which also is counterproductive to building a practice. Instead, the lawyer should adopt a practical approach to conveyancing and develop k ...
The Collateral Consequences of Payday Loan Debt
The Collateral Consequences of Payday Loan Debt

... Finding #2: It is common for congregations and organizations to commit to paying off highcost loan debt for borrowers that they encounter. 35% of the survey respondents recorded having helped an individual pay off a high-cost payday or car title loan, typically with resources from their organizatio ...
Personal Finance Unit 2 Chapter 7 © 2007 Glencoe/McGraw-Hill
Personal Finance Unit 2 Chapter 7 © 2007 Glencoe/McGraw-Hill

... payments are:  Personal savings accounts  Sales of investments or other assets  Gifts or loans from relatives If your down payment is less than 20 percent of the purchase price, some lenders will require you to obtain private mortgage insurance. ...
Chapter 7 PowerPoint
Chapter 7 PowerPoint

... payments are:  Personal savings accounts  Sales of investments or other assets  Gifts or loans from relatives If your down payment is less than 20 percent of the purchase price, some lenders will require you to obtain private mortgage insurance. ...
Section 7.3
Section 7.3

... buyer cannot make payments or cannot make them on time ...
amended and restated promissory note - corporate
amended and restated promissory note - corporate

... (c) Borrower shall provide Bank with current financial statements, balance sheets, profit and loss statements of Borrower in a form and content satisfactory to Bank, and Borrower’s financial condition, as reflected on said financial statements, shall be satisfactory to Bank. (d) Borrower shall provi ...
A Model of Trust Building with Anonymous Re-match
A Model of Trust Building with Anonymous Re-match

... such environments is that, when the history of cooperation is longer, the probability that the other party is of the “good” type is higher, so that the optimal level of interaction increases over time. If they ever defect, the relationship is terminated. Ghosh and Ray (1996) study a repeated game wi ...
Requests for quotation - template
Requests for quotation - template

... quarterly in advance as a grant payment to the Contractor. Any Set Up Costs will also be met from the Loan Fund but these are expected to be minimal as the Contractor will likely have similar operations already in place. Following the necessary consideration of a successful BID, the Contractor will ...
Other loan features can vary. For example
Other loan features can vary. For example

... are for 30 days or less and can be rolled over for additional finance charges. Loan amounts are usually from $100 to $1,500. ...
Cross-Collateralized Transaction Rider to Loan
Cross-Collateralized Transaction Rider to Loan

... cannot apply the net proceeds or awards to the payment of the principal of the Indebtedness as set forth above, or (B) Borrower receives any or all of the proceeds or awards described in Section 6.11(e)(ii)(A) and fails to apply the proceeds in accordance with Section 6.11(e)(i), then Borrower will ...
Commissioner`s File: CIS 834/97
Commissioner`s File: CIS 834/97

... 13. The position is that I should follow the legal principle applied in CIS/2978/1995 unless satisfied that that decision was wrong (Tribunal of Commissioners' decision R(I) 12/75). Mr Scoon's submission is one which is very strong indeed in the abstract, but it does not satisfy me that CIS/2978/19 ...
CONSIDERATION DOCTRINE AND REGULATORY ARBITRAGE IN
CONSIDERATION DOCTRINE AND REGULATORY ARBITRAGE IN

... entitling the transferor to a subset of the cash generated by what it was transferring. Because the Uniform Commercial Code defines “value” expansively, to include any “consideration sufficient to support a simple contract,” the U.C.C. apparently directs us to determine whether $10 would support a ...
PPT
PPT

... the mortgagor. After some years as mortgagee in possession, the mortgagee determined that the properties had become so dilapidated that it was not possible to economically repair them and accordingly decided to demolish and rebuild the houses. This work was carried out and resulted in two semi-detac ...
FRAUD: When gross negligence is not enough
FRAUD: When gross negligence is not enough

... mortgage valuations giving rise to findings of professional negligence against surveyors. Pressure from sheer volume of instructions, too casual an approach to obtaining and critically assessing comparables, combined with over-reliance on, and misplaced optimism in, the continuance of a rising marke ...
An Analysis of Default Risk in the Home Equity Conversion
An Analysis of Default Risk in the Home Equity Conversion

... the homeowner are upkeep of the home, and paying property taxes and homeowner’s insurance. As of February, 2012, 9.4 percent of all active HECM loans were in default for not paying property taxes or homeowner’s insurance (Consumer Financial Protection Bureau, CFPB, 2012), placing more than 54,000 se ...
Discharge of a guarantee
Discharge of a guarantee

... facilities agreement were guaranteed by Guarantor C. The guarantee contains a clause that states that the guarantee will not be affected by any variation to the facilities agreement or the granting of time to Borrower B. Bank A and Borrower B have agreed to amend the facilities agreement. The amendm ...
Prepared by, and after recording
Prepared by, and after recording

... of Default, Lender, at Lender's option, may declare the Indebtedness to be immediately due and payable without further demand, and may invoke the power of sale and any one or more other remedies permitted by applicable law or provided in this Instrument or in any other Loan Document. Borrower acknow ...
- Seckman High School
- Seckman High School

... is used to secure financing for the purchase of a house. • Ten to thirty years of payments • Fixed or adjustable rate (ARM) • Balloon payments, large amount at the end, can reduce the monthly payments • Closing costs—expenses the buyer pays in order to get the loan. Personal Finance ...
203k select - Primary Residential Mortgage
203k select - Primary Residential Mortgage

... Pursuant to HUD’s Mortgage Letter 1995-40, the HUD Consultant must be able to prepare the Work Write-Up and cost estimate independently of the contractor’s bid. If the bid comes in lower than the Work Write Up, the loan will be underwritten and the repair escrow account will be established using the ...
Tax-Sheltered Annuity Loan Repayment
Tax-Sheltered Annuity Loan Repayment

An Introduction To Interest Rate Hedging
An Introduction To Interest Rate Hedging

... In commercial real estate finance, the most common Hedge consists of a “rate cap.” When Borrower purchases a rate cap, the “issuer” of that rate cap, often called a “counterparty” (the “Counterparty”), in effect issues an insurance policy. That policy protects against the risk that some specified in ...
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Reverse mortgage

A Reverse Mortgage or Home Equity Conversion Mortgage (HECM) is a special type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner’s insurance. Reverse mortgages allow elders to access the home equity they have built up in their homes now, and defer payment of the loan until they die, sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month. The rising loan balance can eventually grow to exceed the value of the home, particularly in times of declining home values or if the borrower continues to live in the home for many years. However, the borrower (or the borrower’s estate) is generally not required to repay any additional loan balance in excess of the value of the home. Specific rules for reverse mortgage transactions vary depending on the laws of the jurisdiction.In a conventional mortgage, the homeowner makes a monthly payment to the lender. After each payment, the homeowner's equity increases by the amount of the principal included in the payment. In a reverse mortgage, a homeowner is not required to make monthly payments. If payments are not made, interest is added to the loan's balance. Although the ""rising loan balance can eventually grow to exceed the value of the home,"" ""the borrower (or the borrower’s estate) is generally not required to repay any additional loan balance in excess of the value of the home."" In Canada, the loan balance cannot exceed the fair market value of the home by law.Regulators and academics have given mixed commentary on the reverse mortgage market. Some economists argue that reverse mortgages allow the elderly to smooth out their income and consumption patterns over time, and thus may provide welfare benefits. However, regulatory authorities, such as the Consumer Financial Protection Bureau, argue that reverse mortgages are ""complex products and difficult for consumers to understand,"" especially in light of ""misleading advertising,"" low-quality counseling, and ""risk of fraud and other scams."" Moreover, the Bureau claims that many consumers do not use reverse mortgages for the positive, consumption-smoothing purposes advanced by economists. In Canada, the borrower must seek independent legal advice before being approved for a reverse mortgage.
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