FDIC Calls for Consideration of Junior Liens

Loss-sharing agreements (“LSA”) have become more common over the last few years. However, LSA’s were first introduced by the FDIC in 1991 to reduce the Deposit Insurance Fund’s (“DIF”) costs and to enhance the attractiveness of closed bank franchises.

A deed in lieu will not extinguish any judgments against, or junior liens secured by, the property, e.g., a second mortgage or tax lien. Where such liens exist, the lender would become liable for them if they accepted a deed in lieu. Accordingly in such cases a lender is more likely to pursue foreclosure.

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junior lien or mortgage. Refers to the priority of payment if a property must be liquidated to satisfy the debts against it.The first recorded lien or mortgage will be paid first out of sale proceeds,up to the entire amount of the debt,including principal,interests,legal fees,and expenses.If there is any money remaining,junior lienholders (which include junior mortgages) will be paid in full.

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What is a second mortgage loan or "junior-lien"? A second mortgage or junior-lien is a loan you take out using your house as collateral while you still have another loan secured by your house. home equity loans and home equity lines of credit (HELOCs) are common examples of second mortgages.

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Real Estate Finance. A. The FDIC is funded through congressional appropriations B. The fdic insures bank deposits up to $250,000 per title per account C. The FDIC does no insure securities, mutual funds, stocks, or bonds. D. The fdic responds immediately when a bank of thrift fails.

What Is a Junior Lien Mortgage? If you currently have more than one mortgage on your home, one–or more–of those mortgages are considered "junior lien mortgages." This term refers only to the age of the mortgage.. which they call the "junior" loans.

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consideration as a home mortgage, small business, small farm, or consumer.. The Call Report instructions specifically provide that financial institutions must exclude. home improvement loans that are secured by liens (generally, junior liens).. Another way to determine this is through the FDIC's deposit/market- share.