Mortgage industry of the United States
The Mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and ...
Mortgage industry of the United States - Wikipedia
Guess Who’s Getting That Bank Settlement Cash
Millions of dollars in big-bank settlements—from Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan Chase, Bank of America and others—are being channeled to liberal groups like La Raza and the Urba...
Goldman Sachs Must Pay $5 Billion For The Sale Of Risky Mortgages Leading Up To The Financial Crisis
The Justice Department on Monday announced a $5-billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis.
Subprime mortgage crisis - Video
Was the lack of regulation on financial derivatives the main cause of our economic collapse? Or was it the easy money that Fanny Mae and Freddie Mac were giv...
Subprime mortgage crisis
Watch the full version here: http://www.youtube.com/watch?v=bx_LWm6_6tA The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. Crisisofcredit.c...
Loan origination
Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to d...
Subprime mortgage crisis
The U.S. subprime mortgage crisis was a nationwide banking emergency that coincided with the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices, leading to...
Subprime mortgage crisis - Wikipedia
Guess Who’s Getting That Bank Settlement Cash
Millions of dollars in big-bank settlements—from Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan Chase, Bank of America and others—are being channeled to liberal groups like La Raza and the Urba...
Residential mortgage-backed security
A residential mortgage-backed security (RMBS) is a reference to the general package of financial agreements that typically represents cash yields that are paid to investors and that are supported by c...
Residential mortgage-backed security - Wikipedia
Blanket loan
A blanket loan, or blanket mortgage, is a type of loan used to fund the purchase of more than one piece of real property. Blanket loans are popular with builders and developers who buy large tracts of...
Zombie title
A zombie title is a real estate title that has stayed with the owner of a residential property after the mortgage lender has begun a foreclosure process (making the owner believe that the owner no lon...
Federal Housing Administration
The Federal Housing Administration (FHA) is a United States government agency created as part of the National Housing Act of 1934. It sets standards for construction and underwriting and insures loans...
Certified mortgage consultant
In the United States a Certified Mortgage Consultant is the most advanced designation for mortgage professionals who are members of the National Association of Mortgage Brokers.There are 3 levels of o...
Stated income loan
A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, bor...
National Association of Mortgage Brokers
The National Association of Mortgage Brokers (NAMB) describes itself as the "only national trade association representing the mortgage broker industry in the United States." It has a membership of 27,...
California Bureau of Real Estate Appraisers
The California Bureau of Real Estate Appraisers (BREA) is a division of the California Department of Consumer Affairs, itself within the California Business, Consumer Services, and Housing Agency, res...
Yield spread premium
A yield spread premium (YSP) is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid in Origination...
Jumbo mortgage
In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits.This standard is set by the two government-sp...
Uniform Appraisal Dataset
Uniform Appraisal Dataset is a component of the Uniform Mortgage Data Program, an initiative undertaken by Fannie Mae and Freddie Mac (together known as the GSEs) under the direction of the Federal Ho...
Federal Home Loan Banks
The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide stable, on-demand, low-cost funding to American financial institutions (not individuals) f...
Federal Home Loan Banks - Wikipedia
Home Mortgage Disclosure Act
The Home Mortgage Disclosure Act (or HMDA, pronounced HUM-duh) is a United States federal law that requires certain financial institutions to provide mortgage data to the public. Congress enacted HMD...
Mortgage revenue bond loan
A Mortgage Revenue Bond Loan or bond loan is a type of mortgage loan where the cost of borrowing is partially subsidized by a mortgage revenue bond. Although details differ between programs, mortgage...
Full documentation loan
In the United States, Full Documentation Loan refers to a loan where all income and assets are documented. It is typically referred to as a "full doc" loan in the mortgage industry and is a common typ...
Federal Agricultural Mortgage Corporation
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac (NYSE: AGM), is a stockholder-owned, publicly traded company that was chartered by the United States federal government in ...
AgFirst
AgFirst Farm Credit Bank, headquartered in Columbia, South Carolina, provides funding and financial services to 19 Agricultural Credit Associations in 15 eastern states and Puerto Rico. These associat...
National City acquisition by PNC
The National City acquisition by PNC was the deal by PNC Financial Services to acquire National City Corp. on October 24, 2008 following National City's untenable loan losses during the subprime mortg...
National City acquisition by PNC - Wikipedia
Participation mortgage
A participation mortgage or participating mortgage is a mortgage loan, or sometimes a group of them, in which two or more persons have fractional equitable interests. In this arrangement the lender, o...
2008 Nevada budget crisis
The 2008 budget crisis in Nevada is an ongoing fiscal crisis in which the state faces a budget shortfall of at least $1.2 billion out of a $6.8 billion budget. The budget crisis is a result of the lar...