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subordinated mortgage

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subordinated mortgage

A mortgage lien that might have been filed first, but which is agreed among the parties to be treated as a junior lien and inferior to the rights of another mortgage.



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We also intend to underwrite and acquire other subordinated mortgage investments, such as Collateralized Mortgage-Backed Securities (CMBS) loans.
18, 2003 Fitch Ratings has upgraded 3 classes of Lehman Structured Securities Corporation, series 1998-A subordinated mortgage certificate-backed certificates, as follows: Lehman Structured Securities Corporation, series 1998-A --Class B1 to 'AAA' from 'AA'; --Class B2 to 'AAA' from 'A'; --Class B3 to 'AAA' from 'BBB'.
7 million subordinated mortgage loan in respect of Cambior's 50% interest in the Niobec mine.
 
 
 
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