The possession, storage and accounting components of the mortgage pool as part of Executive Condo for Sale in Singapore are carried out in accordance with the competence of the manager and the specialized depository.
Possess, use and dispose of mortgage-backed securities for the benefit of holders of mortgage participation certificates. The second (depository) control the the register of mortgage collateral.
For mortgage-backed securities include mortgages, mortgage-backed bonds and mortgage participation certificate. The mortgage is precisely the security certifying the right of the legitimate holder to receive the fulfillment of the obligation secured by real estate. The purpose of this paper is to accelerate the turnover of the mortgaged property for the purpose of empowering the mortgagee on their claims as soon as possible. The transfer of rights is done on the basis of assignment (assignment of claims).
The presence of this paper does not preclude the need for an agreement on the mortgage, the terms of which must provide for the grant. However, priority is given to the mortgage contract, so you must match the content of the contract.