SECOND MORTGAGE
Second Mortgage is a kind of subordinate mortgage. Second Mortgage is conceived at a time when an original mortgage is currently enforced. The original mortgage receives all proceeds of liquidation in case of a default and will continue to receive proceeds until everything is paid off. Second Mortgage, in this case, will be receiving the repayments only in the case that the original mortgage has been paid off. Interest rates are typically higher for the second mortgage while amount borrowed is lower than the original mortgage.
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Branch Office
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Federal Subsidy Recapture
The Federal subsidy recapture is the repayment of all or part of a federal mortgage subsidy if the home is sold or otherwise disposed of within nin ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
