Credit, Loans & Mortgages

  1. Mortgage Servicing Rights - MSR

    A contractual agreement where the right, or rights, to service an existing mortgage are sold by the original lender to another ...
  2. Forbearance

    A temporary postponement of mortgage payments.
  3. Discretionary Income

    The amount of an individual's income that is left for spending, investing or saving after taxes and personal necessities ...
  4. Bridge Loan

    A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This ...
  5. Fully Amortizing Payment

    A periodic loan payment, part of which is principal and part of which is interest, where if the borrower makes payment according ...
  6. Prepayment Risk

    Prepayment risk is the risk associated with the early unscheduled return of principal on a fixed-income security.
  7. Mortgage-Backed Security (MBS)

    A type of asset-backed security that is secured by a mortgage or collection of mortgages.
  8. Escrow Agent

    An entity that has fiduciary responsibilities in the transfer of property from one party to another. Typically associated ...
  9. Buyer's Market

    A situation in which supply exceeds demand, giving purchasers an advantage over sellers in price negotiations. Buyer's Market ...
  10. Floating Charge

    A security (i.e. mortgage, lien, etc.) that has an underlying asset or group of assets which is subject to change in quantity ...
  11. Credit Risk

    The risk of loss of principal or loss of a financial reward stemming from a borrower's failure to repay a loan or otherwise ...
  12. Chattel Mortgage

    A term used to describe a loan arrangement in which an item of movable personal property is used as security for the loan. ...
  13. Hypothecation

    The established practice of a borrower pledging an asset as collateral for a loan, while retaining ownership of the assets ...
  14. Fixed Interest Rate

    An interest rate on a liability, such as a loan or mortgage, that remains fixed either for the entire term of the loan or ...
  15. Discount Points

    A type of prepaid interest mortgage borrowers can purchase that lowers the amount of interest they will have to pay on subsequent ...
  16. Five Cs Of Credit

    A method used by lenders to determine the credit worthiness of potential borrowers. The system weighs five characteristics ...
  17. Netting

    Consolidating the value of two or more transactions, payments, or positions in order to create a single value.
  18. Cash Equity

    1. In real estate, the amount of money an owner has invested in the property. If someone bought a house, the down payment ...
  19. Deed Of Reconveyance

    A document issued by a mortgage holder indicating that the borrower is released from the mortgage debt. The deed of reconveyance ...
  20. Origination

    The process of creating a home loan or mortgage. During the origination process, a borrower submits a variety of financial ...
  21. Can student loans garnish your bank account?

    The U.S. government and private lenders can garnish your bank account to recover unpaid student loans in multiple ways
  22. NY Fed Says 15% of Americans Have Negative Wealth

    A study has found 15% of Americans are experiencing negative wealth.
  23. Back to School: Basic Math for Buying a New Home

    Buying a home should be a wonderful milestone. With simple math, you can figure out what size mortgage and home work for ...
  24. 3 Reasons Millennials Are Not Interested in Mortgages

    Tougher lending standards make borrowing to buy homes harder for millennials.
  25. Reverse Mortgage Initial Principal Limit

    The amount of money a reverse mortgage borrower can receive from the loan. The initial principal limit depends on the borrower’s ...
  26. Beware of No Credit Check Loans

    Consumers with weak finances often rush to "no credit-check" loans, but this debt poses significant financial dangers for ...
  27. Can Direct Consolidation Loans be deferred?

    Student loans bundled into direct consolidation loans may be deferred under certain circumstances.
  28. 3 Hottest Real Estate Markets in U.S.

    These three cities had the biggest real estate price gains in May.
  29. How Reverse Mortgages Work

    Looking into a reverse mortgage may be a good option for accessing the equity in your home if you are retired.
  30. Should You Rent or Buy a Home?

    Owning a home is part of the American dream, but it is a major financial undertaking with considerable pros and cons.
  31. Should You Pay Off Your Mortgage?

    Answering these five questions will help you determine whether or not to pay off your mortgage.
  32. Are student loans dischargeable after bankruptcy?

    In limited cases of bankruptcy, the courts may discharge a filer's partial or full student loan debt.
  33. The Economics Behind a Trump Property

    Learn how Donald Trump actually makes most of his current revenue, not just from owned real estate but through branding using ...
  34. Good Credit? Try This Credit Card Alternative

    Personal loans are a credit card alternative to try if you've got great credit and you want to lock in a lower interest rate ...
  35. How Installment Loans Work

    Everything you need to know before taking out an installment loan.
  36. Who sets interest rates for federal student loans?

    Federal student loan rates are set by Congress, not by banks. Learn more about who gets what rate, and how often they get ...
  37. Paying Down Debt Early

    For those with a strong aversion to having debt, here is an approach that can enable individuals to pay down debt more quickly ...
  38. Why More Millennials Need Credit Cards

    Here's why more Millennials should have credit cards – even though a majority don’t.
  39. VBMFX: Overview of World's Largest Bond Mutual Fund

    VBMFX: Find out top positions in the world's largest bond fund, the Vanguard Total Bond Market Index Fund.
  40. It Pays to Be a ‘HENRY’

    Why? Because being a “High Earner Not Rich Yet” may help you buy the house of your dreams with a lower down payment.
  41. Credit Card Debt: America’s Biggest Struggle?

    Dealing with credit card debt is a huge struggle for many American families. Here are some tips to get you started.
  42. Debt Consolidation Made Easy

    Five steps to consolidate and pay off your debt.
  43. Digging Out Of Personal Debt

    Good intentions can put consumers in even more personal debt.
  44. Dawn Of The Zombie Debt

    Are old debts coming back to haunt you? We'll show you how to keep these zombies from eating you alive.
  45. Trended Credit Data Could Increase Interest Rates for Borrowers (FNMA, EFX)

    Mortgage lenders will soon be required to use trended credit data to qualify borrowers. As a result, many borrowers could ...
  46. Royal Dutch Shell Rating Downgraded (RDS.A, RDS.B)

    S&P downgraded Shell's credit rating to 'A' as market conditions remain difficult.
  47. Funding College: How to Perform a Sanity Check

    Summer is an ideal time for high school seniors and their parents to take a sanity check and make sure the chosen collegiate ...
  48. How Interest Rates Work On Car Loans

    Three big facts to know – and some numbers to crunch to get the best deal.
  49. OCC Warns Auto Loan Market Speeding Toward Trouble

    Auto loan lenders may face trouble with the OCC warning of delinquencies and defaults.
  50. Using 529 Plans to Save for College

    Paying for college is no easy feat. Here is a lowdown on 529 plans, the educational savings plans that help families set ...
Save Money
  1. 5 Ways To Make Your Home Remodels Pay Off

    Here are five ways to make your home renovation worth the money and effort you put into it.
  2. Differences Between Private Foundations And Public Charities

    Here's a look at the differences between these types of charitable organizations.
  3. How To Monetize Your YouTube Channel

    YouTube's Partner Program helps users earn money through their channels. Find out how.
  4. The World's Most Valuable Private Companies

    In spite of the rewards going public can bring, some companies prefer to remain private, and they are very successful in this.
  5. Is Cyber Monday The New Black Friday?

    Cyber Monday is becoming more popular than Black Friday. Here's why.
Trading Center