Examples of Second Lien Mortgages in a sentence
Lang, Strategic Default on First and Second Lien Mortgages During the Financial Crisis 16, 21 (Fed.
The outstanding balance of the aggregate purchase prices paid to the Company by the Warehouse Purchasers for Second Lien Mortgages which have not yet been sold to an Investor shall not exceed the Second Lien Sub-Limit at any time.
The outstanding balance of the aggregate purchase prices paid to the Company by the Warehouse Purchasers for Eligible Mortgages (including Second Lien Mortgages and Bulk Purchase Mortgages, if any) which have not yet been sold to an Investor shall not exceed the Purchase Limit at any time.
Pursuant to the Second Lien Mortgages, Chisholm and the Guarantors granted a second-priority lien on oil and gas properties constituting at least 99% of the value of the oil and gas properties evaluated in the most recently delivered reserve report, in each case, in favor of the Second Lien Agent and, for the benefit of the Second Lien Lenders and certain other secured parties.
Number of Second Lien Mortgages Originated by Year by Loan Purpose12 The situation in the instant cases is a singular product of the 2003-2007 housing bubble.