MORTGAGE SHORT SALE
The sale of a mortgaged property by a financially distressed borrower for the remaining outstanding mortgage balance. The proceeds will be used to repay the lender, which receives less than full repayment of the mortgage, making the borrower free from the mortgage obligation. This is to prevent what would amount to bigger losses for the lender if to be foreclosed on the mortgage.
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|13:00||Bundesbank Monthly Report||Nov|
|16:00||CB Leading Index||Oct|
|16:00||ECB President Mario Draghi Speaks|
|17:00||CB Leading Index||Oct|
|18:00||ECB President Mario Draghi Speaks|
|20:30||BOE Deputy Governor for Markets and Banking Sir David Ramsden Speaks|
|00:30||RBA Assistant Governor Michele Bullock Speaks|