refinance
91Right Of Rescission — A right under federal law set forth by the Truth in Lending Act that gives a borrower the right to cancel a home equity loan or line of credit with a new lender, or to cancel a refinance transaction done with another lender other than the current …
92Second Chance Loan — A type of loan associated with subprime lending and borrowers with a tainted credit history. Second chance loans offer a borrower a chance to rebuild their credit history. Although subprime loans might have a typical term to maturity (30 years of …
93Teaser Loan — An adjustable rate mortgage loan in which the borrower pays a very low initial interest rate, which increases after a few years. Teaser loans try to entice borrowers by offering an artificially low rate and small down payments, claiming that… …
94loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you …
95PSA model — One of two standard models for describing the rate at which prepayments have been, are, or are expected to be received for mortgages and mortgage backed securities. The model assumes that borrowers are far less likely to refinance a new mortgage… …
96mortgage — n. 1) to give a mortgage 2) to hold; receive; take out a mortgage on 3) to pay off a mortgage 4) to finance; foreclose; refinance a mortgage 5) a chattel; conventional; first; second mortgage * * * [ mɔːgɪdʒ] conventional first foreclose …
97European Central Bank — European Central Bank …
98Batavian Republic — Infobox Former Country native name = Bataafse Republiek conventional long name = Batavian Republic common name = Batavian Republic continent = Europe region = Low Countries country = Netherlands era = status = Client status text = Client of the… …
99Home Owners' Loan Corporation — The Home Owners Loan Corporation (HOLC) or Home Owner s Refinancing Act, was a New Deal agency established in 1933 under President Franklin D. Roosevelt. Its purpose was to refinance homes to prevent foreclosure. It was used to extend loans from… …
100Farm Credit Administration — The Farm Credit Administration is an independent agency of the Executive Branch of the United States Government. It regulates and examines the banks, associations, and related entities of the Farm Credit System, a network of borrower owned… …
