- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence.
Industry:Financial services
A life insurance policy that pays off the remaining balance of the insured person's mortgage at death.
Industry:Financial services
Also called a passthrough, a security created when one or more mortgage holders form a collection (pool) of mortgages and sells shares or participation certificates in the pool. The cash flow from the collateral pool is "passed through" to the security holder as monthly payments of principal, interest, and prepayments. This is the predominant type of MBS traded in the secondary market.
Industry:Financial services
The increase or decrease in a firm's total cost of production as a result of changing production by one unit.
Industry:Financial services
The period from the taking of applications from prospective mortgage borrowers to the marketing of the loans.
Industry:Financial services
The percentage yield earned on an additional unit of capital.
Industry:Financial services
The risk associated with taking applications from prospective mortgage borrowers who may opt to decline to accept a quoted mortgage rate within a certain grace period.
Industry:Financial services
The change in total revenue as a result of producing one additional unit of output.
Industry:Financial services
