Jan 27, 2010 14:49
14 yrs ago
Italian term

mutuo padre

Italian to English Bus/Financial Finance (general) Mortgage certificate
Appears on a document headed up "Attestazione degli interessi passivi e degli oneri accessori sui mutui ipotecari" as one of the references at the top right hand of the page, i.e. "mutuo padre no. XXXXXX", under "mutuo no. XXXXX".

It's not a term I'm familiar with and I can't seem to find anything relevant in Italian on the internet. I thought perhaps it could be a heirarchy i.e. a "master or general mortgage" above the individual mortgage. Anyway, before going back to the client I wondered if anyone had come across it before and had any ideas.

Thanks,
Dominic
Proposed translations (English)
4 original mortgage
4 First mortgage
4 parent loan

Discussion

Dominic Currie (asker) Feb 5, 2010:
No feedback from the client Unfortunately I didn't get any answer back via the agency from the client. So, I decided to go with "original mortgage" because it seemed to me to be the most generic, however, I haven't added it as a glossary entry because without more context I can't be sure its actually right.

Proposed translations

40 mins
Selected

original mortgage

Just a variation on the other suggestions. I've seen this used when talking about mortgages issued to construction companies where the 'mutuo padre' is the original mortgage taken out by the builder, and which is then reduced as each apartment/unit in a new construction is sold off. A new mortgage is consequently generated as each part is sold off.
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4 KudoZ points awarded for this answer. Comment: "Thanks jcml,"
19 mins

First mortgage

My take!
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25 mins

parent loan

Risultati 1 - 10 su circa 25.200.000 per parent loan.
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Reference comments

30 mins
Reference:

Not a standard term

Peter's suggestion seems plausible, but the Italian Googles so poorly, I think you need to ask the client Dominic or glean clues from the context.

http://www.google.it/search?source=ig&hl=it&rlz=&=&q="mutuo ...
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