Proceeds will be used to advance and current refund outstanding senior lien and subordinate lien
electric revenue bonds for interest cost savings and pay costs of issuance.
The new service allows mortgage servicers to identify a match between a first and a subordinate lien
and then transport this data from one servicer to another, which supports co-modification efforts for subordinate hens following a first-lien modification.
Fitch Ratings has assigned an underlying 'A+' rating to the city of Houston, Texas' USD395m airport system subordinate lien
revenue refunding bonds series 2007A (AMT) and series 2007B (non-AMT).
After the sale, the lender may apply the proceeds to satisfy the reasonable expenses of the sale, including attorney fees and auctioneer fees; the satisfaction of the borrower's outstanding balance under the loan; and the satisfaction of any sums owed to subordinate lien
holders or secured parties.
3 million of series 2012C subordinate lien
airport system revenue bonds at 'BB+'.
Bankers Trust argued that the condominium statute permits it as a first mortgagee to foreclose out the subordinate lien
for common charges which liens may be satisfied only out of any surplus monies generated by the foreclosure sale.
is supporting and urging the swift passage of The Fast Help For Homeowners (FHFH) Act, a short sale bill that will require subordinate lien
holders to respond to short sale offers within 45 days.
4 million hotel occupancy tax (HOT) subordinate lien
revenue & refunding, series 2004A, at 'A+';
3 million subordinate lien
bonds, series 2010A (Federally Taxable Build America Bonds);
15 million senior lien bonds at 'A' and $69 million subordinate lien
bonds at 'A'.
This is the first offering of subordinate lien
sales tax revenue bonds by the corporation, an independent governmental instrumentality of the commonwealth and affiliate of the Government Development Bank of Puerto Rico (GDB).
Deallocated senior lien reserves, excess loan repayments from the senior lien, certain pledged subordinate lien
loan repayments, and interest earnings provide the primary security for the subordinate bonds.