Tag: lenders

Hard Loan

Hard Loan What is 'Hard Loan' A foreign loan that must be paid in the currency of a nation that has stability...

Heads Of Agreement

Heads Of Agreement What is 'Heads Of Agreement' A non-binding document outlining the main issues relevant to a tentative partnership agreement. Heads...

Hard Money

Hard Money What is 'Hard Money' Hard money consists of funding by a government or organization that is repetitive, rather than a...

Hard Call Protection

Hard Call Protection What is 'Hard Call Protection' The period in the life of a callable bond during which the issuing company...

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)

Manufactured Housing (MH) What is 'Manufactured Housing - MH' A housing unit constructed primarily off-site prior to being moved to a piece...

Ability To Repay

Ability To Repay What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability...

Real Estate Settlement Procedures Act (RESPA)

Real Estate Settlement Procedures Act (RESPA) What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential...

Real Estate Owned (REO)

Real Estate Owned (REO) What is 'Real Estate Owned - REO' Real estate owned, or REO, is the name given to foreclosed-upon...

Rate-Improvement Mortgage

Home Ownership by Country Rate-Improvement Mortgage What is 'Rate-Improvement Mortgage' A type of fixed-rate mortgage, which contains a clause that entitles the...

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