Tag: 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...

DefinitionThe Making Home Affordable program of the United States Treasury was launched in 2009 as part of the Troubled Asset Relief Program. The main...

What is 'Accelerated Reply Mail - ARM' An expedited delivery of business reply mail offered by the U.S. Postal Service. Reply mail...

DefinitionThe term annual percentage rate of charge, corresponding sometimes to a nominal APR and sometimes to an effective APR, is the interest rate for...

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

Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for Accessibility Further Reading An empirical comparison of published replication research in accounting, economics, finance,...

What is 'Abandonment Clause' A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost...

What are accelerated payments and how do they work Accelerated payments are payments that are made before the scheduled due date. They are often used...

Home Ownership by Country Real Estate Mortgage Investment Conduit (REMIC) What is 'Real Estate Mortgage Investment Conduit - REMIC' A special purpose...

Home Ownership by Country Real Estate Mortgage Investment Conduits (REMIC) What is 'Real Estate Mortgage Investment Conduits - REMIC' A complex pool...