▁a ▁modification ▁scenario ▁with ▁their ▁current ▁li en ▁holder , ▁not ▁to ▁qual ify ▁them ▁for ▁a ▁new ▁loan ▁or ▁a ▁ref in ance . ▁This ▁is ▁typically ▁done ▁by ▁an ▁under writer ▁staff ed ▁with ▁a ▁team ▁of ▁people ▁who ▁are ▁experienced ▁in ▁every ▁aspect ▁of ▁the ▁real ▁estate ▁field . ▁ ▁Sp ons or ship ▁under writing ▁ ▁Under writing ▁may ▁also ▁refer ▁to ▁financial ▁spons or ship ▁of ▁a ▁vent ure , ▁and ▁is ▁also ▁used ▁as ▁a ▁term ▁within ▁public ▁broadcast ing ▁( both ▁public ▁television ▁and ▁radio ) ▁to ▁describe ▁fund ing ▁given ▁by ▁a ▁company ▁or ▁organization ▁for ▁the ▁operations ▁of ▁the ▁service , ▁in ▁exchange ▁for ▁a ▁mention ▁of ▁their ▁product ▁or ▁service ▁within ▁the ▁station ' s ▁programming . ▁ ▁Thom son ▁Fin an cial ▁league ▁tables ▁Under writing ▁activity ▁in ▁the ▁mer gers ▁and ▁ac quis itions , ▁equ ity ▁issu ance , ▁deb t ▁issu ance , ▁synd ic ated ▁lo ans ▁and ▁U . S . ▁municipal ▁bond ▁mark ets ▁is ▁reported ▁in ▁the ▁Thom son ▁Fin an cial ▁league ▁tables . ▁ ▁See ▁also ▁Book ▁building ▁Fin an cial ▁road sh ows ▁Guide wire ▁Software ▁Pred ict ive ▁analyt ics ▁Under writing ▁contract ▁ ▁References ▁ ▁External ▁links ▁ ▁Under writing ▁explained ▁on ▁In vest op edia ▁ ▁Category : Act u arial ▁science ▁Category : Sec ur ities ▁( fin ance ) ▁Category : Under writing <0x0A> </s> ▁The ▁Institute ▁of ▁Anth rop ology ▁and ▁Eth n ography ▁or ▁N