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- Nonrecourse_debt abstract "Non-recourse debt or a non-recourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer can seize the collateral, but the lender's recovery is limited to the collateral. Thus, non-recourse debt is typically limited to 50% or 60% loan-to-value ratios, so that the property itself provides "overcollateralization" of the loan.The incentives for the parties are at an intermediate position between those of a full recourse secured loan and a totally unsecured loan. While the borrower is in first loss position, the lender also assumes significant risk, so the lender must underwrite the loan with much more care than in a full recourse loan. This typically requires that the lender have significant domain expertise and financial modeling expertise.Nonrecourse debt is used for residential mortgage loans in the United States, although most of Europe enforces mortgage debt forgiveness after eviction.".
- Nonrecourse_debt wikiPageID "2844943".
- Nonrecourse_debt wikiPageRevisionID "606807738".
- Nonrecourse_debt hasPhotoCollection Nonrecourse_debt.
- Nonrecourse_debt subject Category:Business_terms.
- Nonrecourse_debt subject Category:Finance.
- Nonrecourse_debt subject Category:Financial_terminology.
- Nonrecourse_debt subject Category:Real_estate.
- Nonrecourse_debt subject Category:Taxation_in_the_United_States.
- Nonrecourse_debt subject Category:United_States_housing_bubble.
- Nonrecourse_debt type AdministrativeDistrict108491826.
- Nonrecourse_debt type Country108544813.
- Nonrecourse_debt type District108552138.
- Nonrecourse_debt type Location100027167.
- Nonrecourse_debt type Object100002684.
- Nonrecourse_debt type PhysicalEntity100001930.
- Nonrecourse_debt type Region108630985.
- Nonrecourse_debt type UnitedStatesHousingBubble.
- Nonrecourse_debt type YagoGeoEntity.
- Nonrecourse_debt type YagoLegalActorGeo.
- Nonrecourse_debt type YagoPermanentlyLocatedEntity.
- Nonrecourse_debt comment "Non-recourse debt or a non-recourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer can seize the collateral, but the lender's recovery is limited to the collateral.".
- Nonrecourse_debt label "Nonrecourse debt".
- Nonrecourse_debt sameAs m.086dp8.
- Nonrecourse_debt sameAs Q7049573.
- Nonrecourse_debt sameAs Q7049573.
- Nonrecourse_debt sameAs Nonrecourse_debt.
- Nonrecourse_debt wasDerivedFrom Nonrecourse_debt?oldid=606807738.
- Nonrecourse_debt isPrimaryTopicOf Nonrecourse_debt.