Home > Industry/Domain > Banking

Banking

The business of a banker, banking involves an establishment for the loaning, holding, exchanging, or issuing of money. Also deals with the transmission of funds and the extensions of credit.

11Categories 38442Terms

Add a new term

Contributors in Banking

Banking > Mortgage

market rate

Banking; Mortgage

Estimated average interest rate being charged by lenders for conventional loans.

modulat house

Banking; Mortgage

A factory-assembled residence built in units or sections, transported to a permanent site, and erected on a foundation. Excludes mobile homes.

mortgage note

Banking; Mortgage

A written agreement to pay a sum of money at a stated interest rate during a specified term. The note contains a complete description of the conditions under which the loan is to ...

mortgagor

Banking; Mortgage

The borrower in a mortgage transaction. The mortgagor pledges property as security for the debt.

non-conforming loan

Banking; Mortgage

Conventional home mortgages not eligible for sale and delivery to either Fannie Mae (FNMA) or Freddie Mac (FHLMC) because of various reasons, including loan amount, loan ...

note

Banking; Mortgage

A general term for any kind of paper or document signed by a borrower that is an acknowledgment of a debt, and is, by inference, an agreement to repay that debt. When the note is ...

negative points

Banking; Mortgage

A cash rebate paid by lenders to a mortgage broker or the borrower for a mortgage with an interest rate above the lender's par interest rate. A rebate credited to the borrower is ...