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Check out page 5 under Inter-company debtors – UK loans which is the interesting bit see below.
As previously advised, Storm provided a loan to a
Lehman Group company which was used to
originate mortgage loans (the “Mortgage Assets”).
These Mortgage Assets were pledged as security
against the loan. The Mortgage Assets are being
held and run-off within the Administration using a
servicing platform, Acenden Limited (formerly
known as Capstone Mortgage Services Limited)
(“Acenden”) of which Storm is the majority owner.
We already know what they mean by RUN OFF!
Check out page 5 under Inter-company debtors – UK loans which is the interesting bit see below.
As previously advised, Storm provided a loan to a
Lehman Group company which was used to
originate mortgage loans (the “Mortgage Assets”).
These Mortgage Assets were pledged as security
against the loan. The Mortgage Assets are being
held and run-off within the Administration using a
servicing platform, Acenden Limited (formerly
known as Capstone Mortgage Services Limited)
(“Acenden”) of which Storm is the majority owner.
We already know what they mean by RUN OFF!
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