As general practice for a syndicated loan, syndicate member banks will appoint an agent bank to act for and on behalf of the syndicate member banks, including registering the agent bank as, for instance, a mortgagee and foreclosing the mortgaged property. In addition, there will be a clause i...
A commonly asked question is whether directors can, in giving a guarantee, consider the interests of the corporate group as a whole. The theoretical rule is that companies within a group are separate legal entities. However, in practice, companies are often part of larger groups and it is gen...
Private Mortgage Insurance is a mortgagee insurance typically required on all loans with a loan to value ratio greater than 80% on the secondary market. The Community Reinvestment Act is intended to encourage depository institutions to help meet the borrowing needs of the communities in which they ...