In its study, Equifax linked anonymous borrower credit information to CoreLogic loan-level, mortgage-backed securities data to measure default
distance at every point in the life of all non-agency securitized loans.
Under the pessimistic scenario of a second economic downturn and renewed liquidity pressures, the global default
rate may land at 5.
So a name, race, vague location, and a broad age range is sufficient to launch a process that could quickly lead to a default
judgment, asset liens, and a blocked passport?
The majority, however, focusing on what it perceived to be the intent of the parties, rather than the four corners of the guaranty, wrote that it was "disingenuous" for Madison to argue that the Millers should have "expected their obligations under the guaranty to be extended by a mere technical violation rather than by a material default
The European speculative-grade default
rate increased to 10.
Most of the loans that went into default
in the 2006 fourth quarter were made from January 2005 to February 2006.
Should the deed not be delivered for any reason whatsoever, except for the willful default
of the seller, there would be no commission due.
To have the default
cleared, ``they would have to show good reason for making the mistake,'' he said, charging that the city's papers do not meet that standard.
the nonprofit agency that provides loan guarantees for Minnesota students under the Federal Family Educational Loan Program (FFELP), has the lowest cohort default
rate among the nation's 49 guarantee agencies, according to U.
As of year-end (YE) 2008, the cumulative default
rate increased to 3.
Finally, Onsite agreed to provide for cross default
provisions in its security agreement which make clear, in the future, that a default
by TCC on the Shawmut Bank loan would also constitute a default
by Onsite on its debt to Cogenex as well as other normal and customary cross default
provisions and negative loan covenants.
Once a default
notice is issued, the homeowner has four months to resolve the situation, or the lender forecloses on the property.
Negotiations, or a default
by the surety, can further delay efforts to get projects back on track.
In all, a total of 32 Moody's-rated corporate debt issuers defaulted
in the fourth quarter, which sent the 2009 default
count to a record high of 266.
Both measures were up from the second quarter's very low three issuer defaults
on $800 million in bonds; however, the third quarter up-tick failed to move the default
rate significantly from its expected year end finish of roughly 1% - one of the lowest levels on record according to Fitch's U.