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13 unusual facts about mortgage loan


Able Team

Once rigged his house to blow up when it was repossessed by the mortgage company.

Franklin Road Academy

In order to build the school, over $300,000 in mortgage bonds were sold to church members, parents, and the community at large.

Maurice FitzGerald, 6th Duke of Leinster

The 45,000 acres sold for £766,000, a huge amount at the time, but this had to cover costs, some mortgages and £272,000 that was earmarked to family trusts for the surviving younger children of the 4th duke.

Melton Constable railway station

Both the Lynn & Fakenham and the Yarmouth & North Norfolk lines were built by Messrs Wilkinson & Jarvis of London who had raised the necessary funds through a mixture of bonds, debentures and mortgages, hoping that their speculative investment would pay off when a larger railway company would purchase the line.

Otter Co-op

Business became so bad that fears rose as to the Co-op's survival, since mortgage payments on the new shopping center still needed to be made.

Pengam

67.78% of residents own their own homes either owned outright or with a mortgage.

Primary residence

A primary residence is considered to be a legal residence for the purpose of income tax and/or acquiring a mortgage.

Representative example

The representative example must be provided when any financial services provider advertising a product, whether it is a credit card, loan or mortgage.

Until 2010, any financial services provider advertising a product in the UK, whether it is a credit card, loan or mortgage, have had to comply with the Consumer Credit (Advertisement) Regulations 2004 (2004 Regulations).

Ron Michaelson

The commercials intend to show that Ned is unable to close a mortgage deal, even with his own mother, because of Ditech's highly competitive rates and services.

Secrets of the Stars

The man is a con artist, deceiving his customers to get money out of them, to which he finally admits this to the woman who has been visiting him frequently, and is using her mortgage money to pay.

Seller financing

To a seller, this is an investment in which the return is guaranteed only by the buyer's credit-worthiness or ability and motivation to pay the mortgage.

SS Ellengowan

Copeland had mortgaged the Ellengowan to Herbert H. Adcock and Richard De la Poer Beresford, who then used her as a quarantine hulk for Chinese passengers from Hong Kong to make up the 21 days port before being allowed to land.


2008–14 Irish banking crisis

In April 2008 Professor Cormac Ó Gráda noted that: "property prices are suffering a meltdown likely to last for some years", yet the bulk of new bank lending since 2000 was based on mortages secured on property.

Bills.com

Bills.com provides consumers with information and interactive tools dealing with personal finance topics, including credit cards, insurance, debt relief assistance, mortgage loans, student loans and other personal loans.

Helping Families Save Their Homes Act of 2009

The stated purpose of the act, a product of the 111th United States Congress, was to allow bankruptcy judges to modify mortgages on primary residences, among other purposes; however, that provision was dropped in the Senate and is not included in the version that was eventually signed into law.

Loan modification in the United States

Loan modification is the systematic alteration of mortgage loan agreements.

Margaret Heffernan

Examining examples of willful blindness in the Catholic Church, the SEC, Nazi Germany, Bernard Madoff’s investors, BP’s safety record, the military in Afghanistan and the dog-eat-dog world of subprime mortgage lenders, the book demonstrates how failing to see—or admit to ourselves or our colleagues—the issues and problems in plain sight can ruin private lives and bring down corporations.

Mortgage belt

The Mortgage belt is a term used in Australian politics to signify residential suburbs which have a high concentration of families mortgaging their homes.

Springfield Metropolitan Exposition and Auditorium Authority

A recent offer had been made by SMEAA Chairman Mike Coffey, Jr. and Springfield Mayor Timothy Davlin, to purchase the mortgage of the Abraham Lincoln Hotel and Conference Center, so as to prevent foreclosure proceedings against that establishment.