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References in periodicals archive ?
The court's analysis centered around the status of purchase money mortgages and the special priority they are afforded at law.
F assumes both a $500,000 purchase money mortgage note on the building and the personal loan.
"George Mason had very strong activity as applications for loan originations exceeded $1.50 billion, with nearly 70% of volume from purchase money mortgages, providing stability in diverse economic conditions.
* A $1,860,000 purchase money mortgage for the acquisition of a mixed-use property, consisting of 5 residential units and 3,320 square feet of retail space, in Brooklyn.
Even the heads of major subprime lending firms, whom we visited, were surprised that nearly all of the sales associates we met with had done one or more transactions using a subprime purchase money mortgage in 1998 (see Figure 10).
* A $3,500,000 purchase money mortgage for the construction of a 21 unit multifamily property in Queens.
According to data collected by the Mortgage Bankers Association, applications for purchase money mortgage loans are running 15% behind the association's forecasts for this year, though they increased 12% over January.
From the buyer's perspective, a purchase money mortgage can provide a primary source of financing, possibly with more favorable terms than those available from commercial lenders.
One important aspect to remember is that aggressively prospecting for member purchase money mortgage business is probably a new concept for your credit union or CUSO and if your plan does not include franchising your employees, it will not be as successful as it could or should be.
* $1,750,000 purchase money mortgage for the acquisition of a 15,109 sq fl office building.
Mike Long, chief credit officer at UW, and Julio Rios, director of mortgage lending, said the CU was on track to book roughly $100 million in purchase money mortgage loans and between $260 million and $300 million in refinance loans this year and emphasized the impact a wide product line can have.
* $1,750,000 purchase money mortgage for the acquisition of a 15,109 s/f office building in Mountain View, CA.