Assumption Fee

Assumption Fee

A fee that the buyer of a property with an assumable mortgage pays to the lender for the ability to take over the mortgage.
References in periodicals archive ?
The tender are - Assumption fee notification creation and collection of fees for compostable waste and waste wood that can not be delivered on behalf of the public waste carrier.
MHC then purchases the home at closing and leases it back to the prospective homebuyer for a term of 39 months, at which point the program participant can assume the outstanding Freddie Mac loan for a one percent assumption fee.
25% both with seven years left on the original ten year term with a 1% assumption fee.
Assumption fees are a component of mortgage servicing fees in Capmark's condensed consolidated statement of operations, and Capmark earns an assumption fee when an existing borrower's mortgage is assumed by a new borrower.
Assumption: With consent of lender and 1 percent assumption fee.
0 million in assumption fees received during the third quarter 2015.
Ancillary income, including late charges, insurance fees, assumption fees, and the like, contributed 17 percent of gross revenues, or $49 per loan.
The transaction generated net proceeds of approximately $60 million to Glimcher after considering debt assumption fees and ordinary closing costs.
The cash stream is comprised of the servicing fee, income related to any escrows, and ancillary income such as late fees assumption fees, and so forth.
The contract includes a provision requiring Denholtz to pay all prepayment penalties and assumption fees on Banyan's real estate debt.
As announced on July 1, the primary purpose of the meeting will be to consider the sale of substantially all of its assets to Glimcher Realty Trust for an aggregate purchase price of $197,000,000 plus prepayment penalties and assumption fees, in accordance with the terms of the purchase and sale agreement by and among Glimcher, RPI and certain other entities affiliated with RPI, dated as of March 11, 1996, as amended, and the complete and voluntary liquidation and dissolution of RPI pursuant to the plan of liquidation and dissolution of RPI.