Legal Information

Endowment mortgage

An endowment mortgage is a mortgage loan arranged on an interest -only basis where the capital is intended to be repaid by one or more (usually Low-Cost) ...

How exotic mortgages became time bombs | ajc.com

Atlanta Journal Constitution,  USA
The lender approved the loan based on Langdon McAlpin's gross monthly income of $2039. Gloria no longer works. The couple resorted to desperate measures to try to keep up. She pawned her wedding ring, while he sold cherished ham radio equipment. They ran out of money for groceries. “We borrowed from friends,” she said. They couldn’t ...

Asset-Based Lending - An Alternative Source Of Funds?

Fresh Business Thinking, UK
Asset-based lending (ABL), usually incorporating factoring or invoice discounting, was once considered the lending of last resort, but times have changed and this reputation is now largely unfounded. So what is ABL and what kind of businesses does it ...

Linex Legal > Withers > Citywealth interview: Dawn Goodman

Linex Legal, UK
For pud I managed to squeeze in a wild honey beehive parfait which The Brasserie restaurant at Sopwell House bursting with style Edition 106. March 09 . Page 15 Citywealth: For Ultra High Net Worth Individuals, Their Advisers and Wealth Managers Next ...

Daily Business Review: News Item

Miami Daily Business Review, FL
“If you are taking 30, 40, 50 percent of the building or you are a single tenant taking the entire building, you are going to be able to look into it further. This is a new era in office leasing.” “If you are a 3000-square-foot tenant in a huge building, you don?t have a tremendous amount of leverage,? said Jon Bourbeau, a tenant rep with Newmark Knight Frank ...

Daily Business Review: News Item

Miami Daily Business Review, FL
Kristol is also marketing about 40 station and convenience store properties in South and Central Florida for MAQ Group, a Margate firm led by principal Mahammad Qureshi. “It is a bittersweet story,” Kristol said of the industry trend. ?It is fantastic for interested buyers regardless of their motivation or game plan, and a terrible tragedy for owner/operators ...

The World Financial Crisis and the Unitary Executive

The Fed is now taking emergency actions-- for example approving a 30 billion dollar loan to J.P. Morgan to purchase Bear Stearns-- that it would not dream of taking in ordinary circumstances. In essence, the Fed is trading loans that are very low ...

March 2008 - Posts

Like a fair number of other people , I'm completely captivated by Bryan Garner's videotaped interviews with Supreme Court justices on effective brief-writing. There's no shortage of insights to be gleaned from these discussions -- particularly from ...

Atlanta might sue mortgage lenders

Many of the defaults are are "jumbo" mortgages over $417,000 to buy McMansions in lily-white gated communities. The defaults are not limited to the sub-prime market either but have spread to middle-class homeowners with prime mortgages, equity lines ...

Linex Legal > Blank Rome LLP > Loan Documents: Late Charges on Balloon Payments

Linex Legal, UK
In the current economic crisis, many borrowers are finding themselves unable to timely repay their mortgage loans. As a result, a critical issue for borrowers to examine is whether their loan documents impose a late charge on the final balloon payment of principal. The clearer the language in the loan documents, the more likely a court will enforce the plain ...

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