Tag: mortgage
Unbundling
DefinitionUnbundling is a neologism to describe how the ubiquity of mobile devices, Internet connectivity, consumer web technologies, social media and information access in the...
Underwater
What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...
Home Mortgage
DefinitionA mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...
Security
Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for AccessibilitySecurity Security is freedom from, or resilience against, potential harm (or other unwanted coercive change)...
Brokers
An investor does not deal with the buying and selling procedures on his own; he has a broker do them for him. This is...
Early Amortization
What is 'Early Amortization' A type of credit enhancement used in certain asset backed securities (ABS). Early amortization is an accelerated payment...
Jingle Mail
What is 'Jingle Mail' A situation where a homeowner mails his or her house keys to a mortgage lender due to an...
Targeted Amortization Class (TAC)
What is 'Targeted Amortization Class - TAC' A type of credit derivative that is similar to a planned amortization class (PAC) in...
Vendor Take-Back Mortgage
Home Ownership by Country Vendor Take-Back Mortgage What is a 'Vendor Take-Back Mortgage' A vendor take-back mortgage is a type of mortgage...
Pass-Through Certificate
DefinitionA pass-through certificates is an instrument that evidences the ownership of two or more equipment trust certificates. In other words, equipment trust certificates may...