0
A non performing mortgage is one on which the borrower has defaulted and not made either interest payment, or principal repayments. The lender will take possession of the property by foreclosure.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How did mortgage defaults affect banks involved in mortgage lending and mortgage investing?
Non performing mortgage loans hurts a bank's profitability. This should cause a bank to be more prudent when making mortgage loans. In severe cases of defaults, a bank may decide to cease making such loans. To avoid more risk, the bank could find another bank to sell its mortgage portfolio to.
Is California a non recourse debt state?
California is a non recourse state for your first mortgage. Be aware any form of second mortgage you will still be liable for.You may also be liable on the first mortgage if you have refinanced your original purchase mortgage.
Is NJ a non recourse mortgage state?
no
What do you mean by non-performing asset?
An NPA, or non-performing asset is a classification used by financial institutions that refers to loans that are in jeopardy of being in default.
An example of a non-depository financial institution?
Mortgage bank.
Non profitable assets in banking sector?
A non-performing asset is a common line item on the balance sheet of most financial institutions. To the bank or financial institution carrying the asset, it represents a debt obligation where the agreed upon interest is no longer being paid by the borrowers for a long period of time. An example of a performing asset is a mortgage that is paid up to date. An example of non-performing asset is a mortgage that is in foreclosure.
How did mortgage defaults affect banks involved in mortgage lending and mortgage investing?
Non performing mortgage loans hurts a bank's profitability. This should cause a bank to be more prudent when making mortgage loans. In severe cases of defaults, a bank may decide to cease making such loans. To avoid more risk, the bank could find another bank to sell its mortgage portfolio to.
Advantages and disadvantages of non performing asset?
limitation of non performing assests
Review of literature on non performing assets?
literature review on non performing assets?
Is Maine a non recourse state for mortgage default?
Yes, Maine is considered to be a non-recourse state for mortgage default. A non- recourse means that if you default on paying your mortgage, the government can take your home from you.
Is California a non recourse debt state?
California is a non recourse state for your first mortgage. Be aware any form of second mortgage you will still be liable for.You may also be liable on the first mortgage if you have refinanced your original purchase mortgage.
Is NJ a non recourse mortgage state?
no
Do you have to initial each page of a mortgage?
non related answer but by law you don't need to pay a mortgage ;)
What is NPA account?
Non Performing Account
What is NPL?
It means Non Performing Loan
What do you mean by non-performing asset?
An NPA, or non-performing asset is a classification used by financial institutions that refers to loans that are in jeopardy of being in default.
What is the classification of mortgage in accounting?
non current liability
