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What kind of collateral may be included under the blanket lien of 1-4 family owner-occupied residential loans?

April 26, 2017Blanket collateral family included lien Loans Owner-Occupied Residential

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What kind of collateral may be included under the blanket lien of 1-4 family owner-occupied residential loans?

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Only First Mortgage loans secured by 1-4 family owner-occupied residential properties may be included in the blanket pledge of owner-occupied, 1-4 family loans. The Bank typically applies a 25 percent haircut to this type of loan.