Mortgage securitisation explained
Language: English Series: Law Society`s Gazette ; 85(26) 6 July 1988, 35-36(2)Publication details: 1988Subject(s): Summary: In residential transactions, a solicitor may receive a letter which informs him that the mortgage and any associated life policies have been assigned to a third party and sub-charged to yet another third party. The solicitor is notified that the documents should not be held to the order of an unknown bank for whom the lender is acting as administrative agent. This article explains what this means and why it is done.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS39547 (Browse shelf(Opens below)) | 1 | Available | 17408-1001 |
Browsing London shelves, Shelving location: Journal article Close shelf browser (Hides shelf browser)
In residential transactions, a solicitor may receive a letter which informs him that the mortgage and any associated life policies have been assigned to a third party and sub-charged to yet another third party. The solicitor is notified that the documents should not be held to the order of an unknown bank for whom the lender is acting as administrative agent. This article explains what this means and why it is done.