Tag: loans
One-Bank Holding Company
What is 'One-Bank Holding Company' A corporation that holds at least a quarter of the voting stock of a commercial bank. One-bank...
Office Of Thrift Supervision (OTS)
What is the Office of Thrift Supervision (OTS)?
The Office of Thrift Supervision (OTS) is a federal regulator of savings and loan associations, savings banks,...
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 Payment
What is 'Manufactured Payment' A payment made to pass through dividend and interest payments from the borrower to the lender of those...
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...
Main Street
What does 'Main Street' mean Main street is a colloquial term used to refer to individual investors, employees and the overall economy....
Mortgage Loan
DefinitionA mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...
Maintenance Bond
What is a maintenance bond
A maintenance bond is a type of surety bond that is often required by municipalities in order to guarantee that...
Annual Percentage Rate
DefinitionThe term annual percentage rate of charge, corresponding sometimes to a nominal APR and sometimes to an effective APR, is the interest rate for...
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...