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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
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Banking > Mortgage
cash to close
Banking; Mortgage
Liquid assets that are readily available to be used to pay the closing costs involved in closing a mortgage transaction.
closing statement
Banking; Mortgage
A form used at closing that gives an account of the funds received and paid at the closing, including the sales price, closing costs, escrow deposits for taxes, hazard insurance, ...
collateral
Banking; Mortgage
Property pledged as security for a debt, such as the real estate pledged as security for a mortgage.
collection
Banking; Mortgage
The servicing procedure followed to bring a delinquent mortgage “current” and to file the required notices to bring foreclosure when necessary.
commitment
Banking; Mortgage
A binding pledge made by the lender to the borrower to make a loan, at certain (or maximum) loan terms within a given period of time for a given purpose, subject to various stated ...
commitment letter
Banking; Mortgage
A formal letter sent by a lender stating the terms and conditions under which the lender agrees to loan money to a potential borrower.
Sub-categories
- General banking (976)
- Initial public offering (2798)
- Investment banking (26902)
- Loan & advances (157)
- Merchant banking (150)
- Mergers & acquisitions (3237)
- Mortgage (522)
- Personal banking (1499)
- Refinance (1590)
- Savings (211)
- Underwriting (39)