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Financial terms in "Loan and Mortgage"

1. Mandatory Delivery Commitment

2. Single file mortgage insurance

3. Construction financing

4. Serious Delinquency

5. Mandatory disclosure

6. Settlement Statement

7. Adjustment Date

8. Primary residence

9. Secondary markets

10. GNMA

11. APR

12. Rate sheets

13. Biweekly Mortgage

14. Mortgage Life and Disability Insurance

15. Plus Loans (parent Loan For Undergraduate Students)

16. Home Inspection

17. Grantee

18. Adjustable-Rate Mortgage (ARM)

19. 100% loan

20. Rate caps

21. Cloud On The Title

22. Government National Mortgage Association (GNMA)

23. Jumbo mortgage

24. Private Uncertified Loans

25. Prime Rate

26. Risk Scoring

27. Option fee

28. Income-based Repayment Plan

29. Credit Report

30. Escrow Fee

31. Minimum down payment

32. Special Forbearance

33. HUD

34. Global Debt Facility

35. Automated underwriting system

36. Permanent buydown

37. Loan Servicer

38. Qualifying Ratio

39. Conventional Mortgage

40. Predatory Lending

41. Net Effective Income

42. Full Deferment

43. Periodic Rate Cap

44. Silent second

45. Pick a Payment ARM

46. Underwriting requirements

47. closed-end mortgage

48. Real Estate Mortgage Investment Conduit (REMIC)

49. Recast payment

50. mortgage bond

51. Self-employed borrower

52. FSBO (For Sale by Owner)

53. Rule of 78

54. Plus Loan (fdlp Or Ffel)

55. Internet mortgages

56. Hazard Insurance

57. rate

58. Bill of Sale

59. Eminent Domain

60. Email Address

61. Demand clause

62. Purchase Offer

63. Credit Counseling

64. Price Range

65. Lien

66. Federal Student Loan Consolidation

67. Housing bank

68. Rate Index

69. Radon

70. Qualification requirements

71. Net Income

72. Lock-in Clause

73. Extended Repayment Plan

74. Discount Points = Interest Charges paid up-front when a borrower closes a loan. A point is equal to

75. Mortgage payment

76. Compounding Interest

77. Standard Repayment Plan

78. Cap

79. Partial Payment

80. Warehouse lender

81. Counter Offer

82. Escrow abuse

83. William D. Ford Direct Lending Program

84. First Mortgage

85. Negative Homeowners Equity

86. No Cash-out Refinance

87. Graduated Repayment Plan

88. Fixture

89. Return On Average Common Equity

90. Balloon Payment

91. 40-Year Mortgage

92. Mortgage-Backed Security (MBS)

93. Appraised Value

94. Delinquency

95. Option ARM

96. Encumbrance

97. Vested

98. Lead-Generation site

99. Best Faith Estimate

100. Covenants

Note: Maximum 100 records reached. Please narrow your search.

Featured term of the day

Definition / Meaning of

Bankruptcy Proceedings

Categories: Bankruptcy Assistancelegal, ,

Legal proceedings covered by bankruptcy code. The proceedings could result in liquidation or reorganization of the firm.

The bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party unable to meet his/her/its obligations. This petition is supposed to include a schedule of debts, assets and income potential. b) A hearing called "first meeting of creditors" with notice to all known creditors. This is usually brief and the judge assignes the matter to a professional trustee. c) Later the trustee reports and there is a determination of what debts are dischargeable, what assets are exempt, and what payments are possible. d) If there are assets available then the creditors are requested in writing to file a "creditor's claim." e) There may be other hearings, reports, proposals, hearings on claims of fraudulent debts, petitions for removing the stay on foreclosures and other matters. f) The final step is a hearing on discharge of the bankrupt, which wipes out unsecured debts (or a pro rata share of them).

Under chapter 11 and 13 proceedings, the process will be more drawn out and can go on for years as plans are proposed, possibilities of refinancing are considered and, in effect, the debtor tries either to legitimately get out from under his/her/its financial woes or delay while current profits are made and prayers for economic salvation are made.

Most popular terms

1. Statute Of Limitations
2. Concurrent Causation
3. Family Of Funds
4. Discrimination
5. National Association Of Securities Dealers Automated Quotations System
6. Jumbo CD
7. Self-supporting Bond
8. Covenant Not To Sue
9. Stockholm Syndrome
10. Mortgage-backed Security

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