(redirected from participation loan)
Also found in: Dictionary, Thesaurus, Medical, Financial, Wikipedia.
References in periodicals archive ?
In the alleged payment guaranty and pool stuffing fraud, Gavron found that the P55 investment pool, unknown to credit union investors, contained (subprime) loans that were generally too risky to qualify to include in the credit union participation loan pools.
While the CUSO is looking ahead, some have said the financial woes of Telesis, Business Partner's founder, put a taint on commercial lending and participation loan programs leading to regulators stepping up scrutiny of all types of CUSOs.
parent of SuffolkFirst Bank (herein referred to as the Bank), headquartered in Suffolk, VA commented, "The current dilemma surrounding the economy has affected the performance of some commercial loans in the Bank's loan portfolio, primarily participation loans (loans purchased from other banks).
5 million recovery on a mixed-use real estate development participation loan that was partially charged-off in 2006.
The City's Participation Loan Program was the perfect vehicle, with CPC contributing $1,305,000 and HPD providing $630,000 of capital money to make available a below market rate interest rate loan.
5 million) is a participation loan between 42 community banks for a multi-use commercial/residential condo project located in Orem, Utah.
Almost a year to the date since Navy Federal Credit Union launched its commercial participation loan program, the country's largest cooperative said it is ready for changes mandated by an NCUA rule even after the regulator recently extended a compliance deadline.
The provision for loan losses decreased as a result of a decrease in non-accrual loans due to the reclassification of a participation loan.
Loans for some of these first buildings will probably come through the Participation Loan Program (PLP) and the Article 8A loan program, which are available to all private owners.
Participation Loan First Year LOAN GROSS ROA BALANCE REVENUE Loan Amount $1,000,000 Origination $10,000 Fee @ 1% Loan 250,000 Participated @ 75% First Year's $15,000 Interest @ Servicing Of $3,750 Participation @ Gross Revenue $28,750 Gross ROA 11.
President Barber further stated that one large participation loan in the amount of $1,118,000 which had previously been placed on non-accrual status, was moved to "other real estate owned" during July, 2007, and currently is under contract for sale.
818 million in conjunction with the New York City Department of Housing Preservation and Development under the Participation Loan Program for the moderate rehabilitation of 140-148 Bradhurst Avenue in Central Harlem.