Credit, Loans & Mortgages

  1. Retail Banking

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

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing ...
  3. Pledged Asset

    An asset that is transferred to a lender for the purpose of securing debt. The lender of the debt maintains possession of ...
  4. Paydown

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

    A loan with scheduled periodic payments of both principal and interest. This is opposed to loans with interest-only payment ...
  6. Financial Crisis

    A financial crisis is often associated with a panic or a run on the banks, in which investors sell off assets or withdraw ...
  7. 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 ...
  8. 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.
  9. 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 ...
  10. Household Debt Surpasses $90,000

    Study finds that the average debt in U.S. households is over $90,000.
  11. 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 ...
  12. 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 ...
  13. 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 ...
  14. Wells Fargo Launches 3% Mortgage Down Payment (WFC)

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

    A line of credit extended by a financial institution to a loan originator to fund a mortgage that a borrower initially used ...
  16. 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 ...
  17. Dwarf

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

    An assessment of the likelihood that a borrower will default on his or her debt obligations. It is based upon factors, such ...
  19. 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 ...
  20. Consumer Credit

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

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

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

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

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

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

    An intermediary who brings mortgage borrowers and mortgage lenders together, but does not use its own funds to originate ...
  27. The Top 5 Fannie Mae Shareholders (FNMA)

    Find about the individuals, funds and companies that are top shareholders of Fannie Mae stock. Learn about their profiles ...
  28. BofA vs. Citi: Which Is Better for High-Net-Worth Accounts? (C, BAC)

    Compare and contrast the Citigold program from Citigroup and Bank of America's Preferred Rewards, and determine which program ...
  29. Your Property Tax Assessment: What Does It Mean?

    The amount of a property tax bill is based on the property’s value, the exemptions it qualifies for, its use and the local ...
  30. Down Payment

    A down payment is an initial cash payment on an expensive good.
  31. 3 Best Reward Credit Cards Without Annual Fees (C, BAC)

    Discover some of the top rewards credit cards on the market that have no annual fee, and learn how much you can potentially ...
  32. Zillow, Realtor, Redfin: Which Is the Best Real Estate Website? (Z, NWS)

    Compare the features and usability of the Zillow, Realtor.com and Redfin real estate websites for buying or selling a home ...
  33. Beware of Payday Loans

    Even if you're desperate for cash, try our alternatives before falling into the payday loan trap. Read on for proposed rules ...
  34. Why Black Students Leave College with More Debt

    A recent study revealed that black students end up with more student debt than white students, even with similar financial ...
  35. Visa and MasterCard Ready to Test Breakout Levels (V, MA)

    MasterCard shows a stronger accumulation pattern than rival Visa and should post more reliable gains after a breakout.
  36. Primary Mortgage Market

    The market where borrowers and mortgage originators come together to negotiate terms and effectuate mortgage transaction. ...
  37. 100% Mortgage

    A mortgage loan in which the borrower receives a loan amount equivalent to the total value of the property to be purchased. ...
  38. 5 Top Alternatives to a Reverse Mortgage

    If you have substantial home equity and don't want to do a reverse mortgage to tap it for retirement expenses, cost out these ...
  39. Alt-A Mortgages: How They Work

    Called "liar loans" for their low documentation requirements, Alt-A mortgages were hot until the subprime crisis. Now Wall ...
  40. Understanding Mortgage-Backed Securities

    Find out the meaning of this popular asset-backed security and its benefits for banks and investors.
  41. Secondary Mortgage Market

    The market where mortgage loans and servicing rights are bought and sold between mortgage originators, mortgage aggregators ...
  42. Mortgage Pool

    A group of mortgages held in trust as collateral for the issuance of a mortgage-backed security. Some mortgage-backed securities ...
  43. Wintrust Mortgage Reviews: What You Need to Know (WTFC, FNMA)

    Find out if Wintrust Mortgage can provide the high-quality service you are looking for when it is time to make your mortgage ...
  44. U.S. Bank Mortgage Reviews: What You Need to Know

    Learn about the financial profile and operations of U.S. Bancorp. Discover which mortgage products the bank offers and how ...
  45. Student Loans: Best Majors to Pay Down College Debt Fast

    Find out which degrees help college students find jobs immediately after graduation, earn good salaries and pay back their ...
  46. Bank of America Mortgage Reviews: What You Need to Know (BAC)

    Learn about Bank of America, the mortgage products it offers, the rates it provides and a general consensus from consumer ...
  47. Freddie Mac - Federal Home Loan Mortgage Corp - FHLMC

    A stockholder-owned, government-sponsored enterprise (GSE) chartered by Congress in 1970 to keep money flowing to mortgage ...
  48. Mortgage Forbearance Agreement

    An agreement made between a mortgage lender and delinquent borrower in which the lender agrees not to exercise its legal ...
  49. Why Deferred-Interest Promotions Are a Trap

    Deferred-interest credit cards can offer consumers a way to pay for a pricey item over time with no interest. But too often, ...
  50. Ginnie Mae - Government National Mortgage Association - GNMA

    A U.S. government corporation within the U.S. Department of Housing and Urban Development (HUD). Ginnie May aims to: 1. Ensure ...
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    YouTube's Partner Program helps users earn money through their channels. Find out how.
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  5. Is Cyber Monday The New Black Friday?

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