Proceeds from the offering were used to acquire mortgage servicing assets related to non-agency mortgage loans from Ocwen with an unpaid principle balance
(UPB) of USD27.
The main reason you are getting these notes at basically 50 percent of the unpaid principle balance
is because you are willing to accept this risk and deal with it.
Endowed chair programs are funded from the interest earned on the principle balance
As of March 2012, the total unpaid principle balance
, including accrued interest, late fees and costs incurred on collection, totaled more than $3.
The fund also assumed an amortising term loan with a current principle balance
of approximately USD56.
As of July 31, 2011, CMI's portfolio had a unpaid principle balance
(UPB) of $510,099,348,074 with 3,479,556 loans, an 11.
The Company has also reduced its loan to US Bank by approximately 22% to-date, leaving an outstanding principle balance
Debt amortization is accordingly very rapid, with more than 90% of the principle balance
repaid within five years, and the final two years of payments due from a cash-funded reserve.
In conjunction with this transaction, the fund assumed an amortizing term loan with a current principle balance
of approximately $56.
A payoff is received from the old lender accepting less than a full balance and the negotiated principle balance
will reflect the home's current value.
NLRS calculates the loss to be 40% to 50% of the principle balance
to foreclose on a property.
As of the November 2008 distribution date, the pool's aggregate principle balance
has decreased 12.