fixed-rate mortgage
51Fixed Debenture — A note that carries a fixed (as opposed to floating) charge against the issuer’s property or assets for repayment. The charge will remain on the company’s records until the debenture is repaid. Corporations can issue fixed debentures… …
52Mortgage Constant — A ratio between the annual amount of debt servicing to the total value of the loan. The mortgage constant is only applicable to mortgages that pay a fixed rate. Also known as the mortgage capitalization rate . This constant also can be used to… …
53Mortgage Forgiveness Debt Relief Act of 2007 — The Mortgage Forgiveness Debt Relief Act was introduced in Congress on September 25, 2007, and became law on December 20, 2007. This act offered relief to homeowners who would formerly owe taxes on forgiven mortgage debt after facing foreclosure …
54Fixed-income attribution — refers to the process of measuring returns generated by various sources of risk in a fixed income portfolio, particularly when multiple sources of return are active at the same time. For example, the risks affecting the return of a bond portfolio …
55Fixed income attribution — refers to the process of measuring returns generated by various sources of risk in a fixed income portfolio, particularly when multiple sources of return are active at the same time. For example, the risks affecting the return of a bond portfolio …
56US mortgage terminology — This page aims to explain specific US mortgage terminology to readers.Mortgage types*Adjustable rate mortgage or ARM A mortgage where the interest rate adjusts relative to a specified index + margin. Eg. COFI, LIBOR etc. *Hybrid ARM An adjustable …
57Flexible mortgage — The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Australia in the early 1990s (hence the US term Australian mortgage) …
58Canadian Rollover Mortgage — A home mortgage with an adjustable rate feature. The Canadian Rollover mortgage differs from a 30 year fixed rate mortgage, in that the loan s interest rate is adjusted every five years, with no cap on the interest rate adjustment. The Canadian… …
59Growing-Equity Mortgage — A fixed rate mortgage on which the monthly payments increase over time according to a set schedule. The interest rate on the loan does not change, and there is never any negative amortization. In other words, the first payment is a fully… …
60Fixed income analysis — is the valuation of fixed income or debt securities, and the analysis of their interest rate risk, credit risk, and likely price behavior in hedging portfolios. The analyst might conclude to buy, sell, hold, hedge or stay out of the particular… …
