Across the country, these kinds of mortgage-backed derivatives, based on the value of the underlying mortgage, have already led to widespread financial pain.
22.
For co-ops, do not forget to make sure that the underlying mortgage has been paid and the building is in sound financial condition.
23.
But when you buy a condominium, there is no underlying mortgage, so you are only paying the price you are paying for the unit.
24.
At 212th Street in the Inwood section of Manhattan, he acquired the underlying mortgage for the 84-unit building at 5000 Broadway three years ago.
25.
That mortgage _ called an underlying mortgage _ is for a specific amount of money lent over a specific period of time, with interest.
26.
In finance, a "'pool factor "'is the amount of the initial principal of the underlying mortgage loans that remain in a mortgage-backed security transaction.
27.
The M & AMP; T Bank ( formerly East New York Savings Bank ) has acquired a 50 percent interest in the underlying mortgage.
28.
In shopping for a mortgage-backed fund, for example, they should be mindful of average coupon rates, which track the interest rates of the underlying mortgages.
29.
And while prepayment penalties have all but disappeared in residential mortgages, Greenberg said, they are still common in commercial loans, such as co-op underlying mortgages.
30.
The monthly maintenance charge would be about $ 1, 165, covering operating expenses, the underlying mortgage and property taxes, which are abated in the early years.
