With political figures urging it on, the State of New York Mortgage Agency agreed, in a record three months, to insure the underlying loan.
During consolidation, this term refers to sending payoffs to the loan holders of the underlying loans being consolidated.
Hardly anyone examined the worth of the underlying loans.
Prepayments on the underlying loans give the securities an expected average life of four years.
MBS are commonly referred to as "pass-through" certificates because the principal and interest of the underlying loans is "passed through" to investors.
For a Consolidation Loan, this term refers to sending payoffs to the loan holders of the underlying loans you are consolidating.
The developer had sold 14 units and paid off their underlying loans.
Because of the excess collateral, investors in the CMO will not experience losses until defaults on the underlying loans reach a certain level.
Additional data on the size of the underlying loans in also provided in the Draft Business Plan.
The top 100 underlying loans total € 38 billion, equivalent to 49% of the overall.