All Posts Tagged With: "package"
How To Cut Real Estate Closing Costs
It may well have been the most unusual stewardship seen by the Department of Housing and Urban Development in recent years. HUD Secretary Mel Martinez has both resigned and left behind an impressive record. What’s remarkable about Martinez — now a U.S. senator from Florida — is that during his time in Washington HUD operated [...]
13Sep2008 | Peter G. Miller | 0 comments | Continued
What is “debt securitization”?
“Debt securitization” works like this: A commercial property such as a shopping center is mortgaged for $100 million. The owner has the property and the lender has a piece of paper. The lender wants to lend that $100 million again, so he turns around and “securitizes” the loan — packages it as a security and [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
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