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22 per basic and diluted common share, excluding the net FHLB prepayment penalty.
The prepayment penalty provision originally allowed a penalty during the first five years following consummation of the loan.
Also known as prepayment penalty or reinvestment fee.
10, which adds a new process for managing prepayment penalty configurations.
A sliding scale prepayment penalty schedule, also called the graduated prepayment or, more appropriately, the declining percentage prepayment, is easiest to understand: the borrower is required to pay the lender a certain percentage of the amount being prepaid as a penalty.
Rural borrowers are 20 percent more likely than their urban counterparts to receive a prepayment penalty that remains effective for five years or more on subprime mortgage loans.
FREDDIE MAC WILL NO LONGER INVEST IN subprime mortgages with prepayment penalty terms that exceed three years, effective for all subprime mortgages originated on or after Oct.
Loan terms--such as fee limitations, interest usury ceilings, permissible accrual methods, late fee and grace period provisions, and prepayment penalty restrictions--are not only addressed, but treated appropriately based on how parties are licensed or chartered, as well as according to the transaction type.