Tag: loan

What is 'Pacific Rim' The Pacific Rim is a geographic area surrounding the edges of the Pacific Ocean. The Pacific Rim covers...

What is 'B-Note' The secondary tranche in a commercial mortgage-backed security. B notes are a component of A/B financing or A/B/C financing. They have a...

FICO score is one to the measures that are used by the lenders to assess the credit risk of an applicant, and then decide...

What Is a Wage Assignment? A wage assignment is an agreement in which an employer assigns its right to a certain amount of wages to...

What are Fixed Interest Rates There are several factors involved when you obtain a loan. For instance, when you look for a mortgage,...

How do you find the real rate? The real interest rate can be calculated by removing the inflation rate from the current nominal interest...

DefinitionIn American finance, the FDIC problem bank list is a confidential list created and maintained by the Federal Deposit Insurance Corporation which lists banks...

What is 'Occupancy Fraud' A type of mortgage fraud, whereby the borrower lies about whether or not the home will be owner...

What is Qualified Acquisition Cost Qualified Acquisition Cost (QAC) is a measure of the costs incurred by a company to acquire or develop new products...

What is 'Back Charge' A billing made to collect an expense incurred in a previous billing period. A back charge may be...