REO portfolio definition
Examples of REO portfolio in a sentence
Losses in fiscal 1996 were primarily due to $12.1 million in provisions to adjust the REO portfolio to current fair value and $7.2 million of operating expenses.
Losses in fiscal 1995 were primarily due to $16.8 million in provisions to adjust the REO portfolio to current fair value, and $10.6 million of operating expenses.
Losses in fiscal 1997 were primarily due to $7.5 million in provisions to adjust the REO portfolio to current fair value and $6.2 million of operating expenses.
Seller and Roosevelt shall promptly commence good faith negotiations toward reaching an agreement pursuant to which Roosevelt (or an affiliate thereof, which may include a trust fund) would purchase from Seller and its Affiliates the charged-off loan portfolio and REO portfolio assets that are described by the Letter of Intent and its associated term sheet, as contemplated thereby.
Without limiting the generality of the foregoing, as a result of the Merger all rights, powers, privileges, obligations and duties of Peak Pharmaceuticals, Inc., shall become the rights, powers, privileges, obligations and duties of the Surviving Corporation.