required lenders — USA required lenders, Also known as majority lender. Typically defined in a loan agreement to mean, as of any date, the lenders holding greater than 50% of the sum of unused commitments and outstanding loans under the loan agreement. Required… … Law dictionary
Required Cash — The total dollar amount that must be posted up front by the buyer to close a mortgage or to refinance an existing property. The required cash amount can include any of the following amounts if they are requested at closing: Any down payment… … Investment dictionary
majority lender — USA required lenders, Also known as majority lender. Typically defined in a loan agreement to mean, as of any date, the lenders holding greater than 50% of the sum of unused commitments and outstanding loans under the loan agreement. Required… … Law dictionary
requisite lender — USA Typically defined in a loan agreement to mean, as of any date, the lenders holding greater than 66 2/3% of the sum of unused commitments and outstanding loans under the loan agreement. Requisite lender approval is required for certain… … Law dictionary
Equal Housing Lender — The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex,… … Wikipedia
majority lenders — USA required lenders, Also known as majority lender. Typically defined in a loan agreement to mean, as of any date, the lenders holding greater than 50% of the sum of unused commitments and outstanding loans under the loan agreement. Required… … Law dictionary
requisite lenders — USA Typically defined in a loan agreement to mean, as of any date, the lenders holding greater than 66 2/3% of the sum of unused commitments and outstanding loans under the loan agreement. Requisite lender approval is required for certain… … Law dictionary
Yield spread premium — The yield spread premium (YSP) is the cash rebate paid to a mortgage broker based on selling an interest rate above the wholesale par rate that the borrower qualifies for. For example, If a mortgage broker offers a borrower a loan of $100,000 at… … Wikipedia
Short (finance) — Schematic representation of short selling in two steps. The short seller borrows shares and immediately sells them. He then waits, hoping for the stock price to decrease, when the seller can profit by purchasing the shares to return to the lender … Wikipedia
Annual percentage rate — Parts of total cost and effective APR for a 12 month, 5% monthly interest, $100 loan paid off in equally sized monthly payments. The term annual percentage rate (APR), also called nominal APR, and the term effective APR, also called EAR,[1]… … Wikipedia
