Tag: borrowers
Hard Loan
What is 'Hard Loan' A foreign loan that must be paid in the currency of a nation that has stability and a...
Mandatory Mortgage Lock
Home Ownership by Country Mandatory Mortgage Lock What is 'Mandatory Mortgage Lock' The sale of a mortgage in the secondary mortgage market...
Manufactured Housing (MH)
What is 'Manufactured Housing - MH' A housing unit constructed primarily off-site prior to being moved to a piece of property where...
Ability To Repay
What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was...
Above The Market
What is 'Above The Market' An order to buy or sell at a price set higher than the current market price of...
Real Estate Settlement Procedures Act (RESPA)
What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...
Reverse Mortgage
DefinitionA reverse mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property...
Samurai Market
What is 'Samurai Market' A slang term for the stock market in Japan. Samurai market is usually used buy non-residents of Japan,...
Samurai Bond
DefinitionA samurai bond is a yen-denominated bond issued in Tokyo by non-Japanese companies, and is subject to Japanese regulations. These bonds provide the issuer...
Parallel Loan
DefinitionA parallel loan is two loans taken out by two pairs of companies in different countries from local lenders with the aim of swapping...