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dididididi · 2020年03月07日

问一道题:NO.PZ2018062012000013

问题如下:

In a non-recourse commercial mortgage-backed security (CMBS), if the borrower failed to make the balloon payment, which of the following statements is least accurate?  

选项:

A.

The lender can extend the loan over a period of time and charge a higher interest rate.    

B.

The lender can initiate a claim against borrower for the shortfall after sale of collerated property.

C.

Balloon risk cannot be avoided in CMBS. 

解释:

B is correct.

In a CMBS, if the borrower defaults, the lender can extend the loan over a period of time called "workout period" and modify the original terms of the loan and charge a higher interest rate, called "default interest rate", during the work period. In non-recourse CMBS, lender has no further claims apart from sale of collerated property.

老师,可以麻烦解释在这题的选项B嘛?谢谢

1 个答案

吴昊_品职助教 · 2020年03月08日

在没有追索权的CMBS中,最多只能Foreclose抵押物,卖出抵押物后,不管够不够偿还贷款,都不能追索贷款人的其他资产。因此没有权利再对shortfall提出claim。B正好说反了,因此是不正确的。