The merger leads to a consolidated mortgage
cover pool of approximately EUR84.9 billion providing security to outstanding CHs of EUR35.8 billion as of 28 September 2018.
Despite the noble intentions behind them, the two new consolidated mortgage
disclosures--the Loan Estimate and the Closing Disclosure--have the potential to make the mortgage process even more confusing for consumers if not presented appropriately.
The bank notes that: "Barnett is liable for the full payment of all accrued and unpaid interest, including payment of any deficiency between the amount finally adjudged to be due and owing on the consolidated mortgage
and the amount realized from the foreclosure sale or sales of the mortgaged property, up to the amount of the guaranteed interest payments, for which a deficiency judgment is being sought by this action against Barnett."
The residence previously was linked with an August 2003 mortgage of $444,600 held by First Consolidated Mortgage
Additionally, these draft laws are intended to repeal the Law of Ukraine On Mortgage Lending, Transactions with Consolidated Mortgage
Debt, and Mortgage Notes and Decree of the Cabinet of Ministers of Ukraine On Trust Companies to reduce the excessive regulatory burden.