On junior-lien HELOCs, new Servicer could make repair improves as long as such as for instance improves is actually deemed recoverable or if perhaps the fresh new associate first-lien financial might have been reduced and you will instance HELOC has been an older-lien real estate loan

The additional attract remaining of within the knew losings can be used to maintain overcollateralization (OC) during the address. Lees verder →