A defeasance clause in real estate is a provision in loan agreements that defines how a borrower can satisfy the lender's requirements in order to release their lien on the property. This clause can ...
Millions of homeowners remain locked into ultra-low mortgage rates, freezing housing supply — defeasance may offer a ...
Yield maintenance and defeasance are two common methods used to compensate lenders for the loss of interest income on commercial loans. Both terms refer to prepayment penalties designed to preserve ...
In our WSJ op ed, Alex Pollock and I suggested that the mortgage defeasance process might require direct government involvement to manage mortgage defeasance accounts by, for example, the U.S.
Wisconsin schools use "defeasance" to make it look like referendums do not raise taxes. Wisconsin school districts are using a financial tool called "defeasance" — increasing spending to prepay debt ...