ONTOLOGY EXPLORER
loan secured by real estate
<https://spec.edmcouncil.org/fibo/ontology/LOAN/RealEstateLoans/Mortgages/LoanSecuredByRealEstate>
プロパティと値
| プロパティ | 値 |
|---|---|
| source | "Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices - FFIEC 031; Board of Governors of the Federal Reserve System OMB Number 7100-0036, Federal Deposit Insurance Corporation OMB Number 3064-0052, Office of the Comptroller of the Currency OMB Number 1557-0081, dated 20240930" |
| source | "Instructions for the Preparation of Consolidated Reports of Condition and Income, FFIEC 031 and FFIEC 041, Updated March 2023, clause A-91" |
| type | Class |
| label | "loan secured by real estate" |
| subClassOf | CollateralizedLoan |
| subClassOf | _:c14n1031 |
| subClassOf | _:c14n1383 |
| subClassOf | _:c14n1588 |
| subClassOf | _:c14n2473 |
| subClassOf | _:c14n3125 |
| definition | "loan that, at origination, is secured wholly or substantially by a lien or liens on real property for which the lien or liens are central to the extension of the credit - that is, the borrower would not have been extended credit in the same amount or on terms as favorable without the lien or liens on real property" |
| example | "Examples include (a) Construction, land development, and other land loans: (1) 1-4 family residential construction loans, and (2) Other construction loans and all land development and other land loans; (b) Secured by farmland (including farm residential and other improvements); (c) Secured by 1-4 family residential properties: (1) Revolving, open-end loans secured by 1-4 family residential properties and extended under lines of credit, and (2) Closed-end loans secured by 1-4 family residential properties including those secured by first liens and those secured by junior liens; (d) Secured by multifamily (5 or more) residential properties; and (e) Secured by nonfarm nonresidential properties: (1) Loans secured by owner-occupied nonfarm nonresidential, and (2) Loans secured by other nonfarm nonresidential properties."@en |
| explanatoryNote | "In general parlance, loans secured by real estate are often called mortgages or mortgage loans. This usage conflates a number of related concepts, which would limit the usability of FIBO for financial institutions and regulators with respect to such loans. As described herein, many different kinds of loans can be secured by real estate, including various commercial, construction, agricultural, and consumer loans."@en |
| explanatoryNote | "In the US, to be considered wholly or substantially secured by a lien or liens on real property, the estimated value of the real estate collateral at origination (after deducting any more senior liens held by others) must be greater than 50 percent of the principal amount of the loan at origination."@en |
| explanatoryNote | "The borrower agrees to pay the lender over time, typically in a series of regular payments divided into principal and interest. The property then serves as collateral to secure the loan."@en |