The lender initiates judicial foreclosure by filing a lawsuit against the borrower. Repayment responsibility rests solely on the individual borrower. Participation loans are loans made by multiple lenders to a single borrower. A loan is not gross income to the borrower. There are also various mortgage repayment structures to suit different types of borrower. Exact costs depend on the particular reverse mortgage program the borrower acquires. Lenders are likely to have little information about the reliability of any given borrower. Flexible mortgages allow for more freedom by the borrower to skip payments or prepay. A short sale will result in negative credit reporting to the borrower. LGD is the share of an asset that is lost when a borrower defaults. Consent of the corporate borrower is often required. The size of the service fee is 1% on all amounts the borrower pays. MDBs have large memberships including both developed donor countries and developing borrower countries.