Credit, Loans & Mortgages

  1. Credit Report

    A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan ...
  2. Insolvency

    When an individual or organization can no longer meet its financial obligations with its lender or lenders as debts become ...
  3. Non-Recourse Finance

    A loan where the lending bank is only entitled to repayment from the profits of the project the loan is funding, not from ...
  4. Commercial Mortgage-Backed Securities (CMBS)

    A type of mortgage-backed security that is secured by the loan on a commercial property. A CMBS can provide liquidity to ...
  5. Origination Fee

    An up-front fee charged by a lender for processing a new loan application, used as compensation for putting the loan in place. ...
  6. Purchase APR

    The annual percentage rate that applies to outstanding balances on purchases made using a credit card. The purchase APR is ...
  7. Closed-End Credit

    A loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid, including ...
  8. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing ...
  9. Sovereign Debt

    Bonds issued by a national government in a foreign currency, in order to finance the issuing country's growth. Sovereign ...
  10. Down Payment

    A type of payment made in cash during the onset of the purchase of an expensive good/service. The payment typically represents ...
  11. Adjustable-Rate Mortgage - ARM

    A type of mortgage in which the interest rate paid on the outstanding balance varies according to a specific benchmark. The ...
  12. Default Risk

    The event in which companies or individuals will be unable to make the required payments on their debt obligations. Lenders ...
  13. Pledged Asset

    An asset that is transferred to a lender for the purpose of securing debt. The lender of the debt maintains possession of ...
  14. Retail Banking

    Typical mass-market banking in which individual customers use local branches of larger commercial banks. Services offered ...
  15. Paydown

    This occurs when the amount a company or government repays in debt exceeds the amount they currently borrow. A Paydown takes ...
  16. Lender

    Someone who makes funds available to another with the expectation that the funds will be repaid, plus any interest and/or ...
  17. Principal, Interest, Taxes, Insurance - PITI

    The components of a mortgage payment. Principal is the money used to pay down the balance of the loan; interest is the charge ...
  18. Amortized Loan

    A loan with scheduled periodic payments of both principal and interest. This is opposed to loans with interest-only payment ...
  19. How to Lend Money to Family and Not Regret It

    It’s hard to refuse a family member’s request for a loan, but be sure to go into such arrangements with your eyes open.
  20. UK House Prices Outside London Rise

    Property website Rightmove says that asking prices for homes in England and Wales have risen to high levels and the pace ...
  21. Vanderbilt Mortgage Reviews: What You Need to Know

    Learn about the business of Vanderbilt Mortgage and Finance Inc. Discover which mortgage products the company offers and ...
  22. 4 Ways to Reduce Mortgage Fees

    Learn several ways to save on mortgage fees, such as increasing your down payment amount, shopping between lenders, not paying ...
  23. U.S. Housing Market on Fire in May

    The number of homes sold during May not only increased year-over-year but the pace at which the transaction happened is also ...
  24. Household Debt Surpasses $90,000

    Study finds that the average debt in U.S. households is over $90,000.
  25. Job Market for Recent College Grads Looks Brighter

    Understand the challenges recent college graduates have faced in the job market and learn why the picture was brightening ...
  26. Google Is Banning Bad Ads (GOOG)

    Explore the reasons behind Google's ban on payday loan ads, the cost in lost revenues to Google, and the search engine's ...
  27. Why Student Loans Are Now 20% of Graduates' Salaries

    Learn why college debts absorb 18 to 20% of salaries due to higher college costs, mismatched wages, disproportionate federal ...
  28. Does marrying someone with bad credit affect my credit score?

    Married couples generally maintain two separate credit records and histories. However, if you decide to take out a loan with ...
  29. Are U.S. Banks Becoming Aggressive on Lending Again?

    Discover why banks are increasing their credit portfolios to include more credit cards and how this may impact your ability ...
  30. Japan’s Sovereign Debt Outlook Lowered by Fitch

    Japan is the largest indebted country with government debt as a percentage of GDP touching 229% at the end of 2015.
  31. Visa Stock Declines Despite Price Target Increase (V)

    Visa shares fell as much as 1.74% to $79.84 despite the credit card company receiving some positive comments from analysts ...
  32. Student Indebtedness Increasing: Fed Survey

    Student loans are becoming increasingly necessary to get an education, a trend likely to reinforce the cycle of inequality ...
  33. Why High Levels of Household Borrowing Is Not Concerning

    Discover how global debt levels have risen beyond the 2008 financial crisis levels and learn how the current interest rate ...
  34. Buying a Home? Avoid the ‘Debt Domino’ Effect

    If you’ve recently purchased or refinanced a new home and you're taking on additional debt, chances are you’ve fallen victim ...
  35. LendingClub Stock Rises 5% on Funding Deals (LC)

    LendingClub has been under pressure since founder Renaud Laplanche was forced to resign last month over allegations of several ...
  36. Wells Fargo Launches 3% Mortgage Down Payment (WFC)

    Late last month the lender unveiled a 3% down program.
  37. Warehouse Lending

    A line of credit extended by a financial institution to a loan originator to fund a mortgage that a borrower initially used ...
  38. Half-Life

    A date some time in the future when half of the total principal of a mortgage-backed security will be paid off. The interest ...
  39. Dwarf

    A slang term used to describe a pool of mortgage backed securities (MBSs) that have been issued by Fannie Mae and have a ...
  40. Creditworthiness

    An assessment of the likelihood that a borrower will default on his or her debt obligations. It is based upon factors, such ...
  41. Credit Card Balance

    The amount of charges, or lack thereof, owed to the credit card company. A new credit card balance can take up to 24 hours ...
  42. Consumer Credit

    A debt that someone incurs for the purpose of purchasing a good or service. This includes purchases made on credit cards, ...
  43. Thrift

    Thrifts are savings and loans associations. Thrifts also refer to credit unions and mutual savings banks that provide a variety ...
  44. Secured Debt

    Debt backed or secured by collateral to reduce the risk associated with lending. An example would be a mortgage, your house ...
  45. Overdraft

    An extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue ...
  46. IOU

    An informal document that acknowledges a debt owed. IOU is an abbreviation, in phonetic terms, of "I owe you." The debt owed ...
  47. Closing Costs

    The expenses, over and above the price of the property that buyers and sellers normally incur to complete a real estate transaction. ...
  48. Mortgage Broker

    An intermediary who brings mortgage borrowers and mortgage lenders together, but does not use its own funds to originate ...
  49. U.S. Credit Card Debt Poised To Reach $1 Trillion

    American's love of putting purchases on credit cards isn't stopping, positioning the nation to collectively owe $1 trillion ...
  50. This New Bill Could Improve Your Credit Score

    The H.R.5282 Bill seeks to amend the Fair Credit Reporting Act to improve consumer credit scores and help consumers understand ...
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