Examlex
A mortgage in which the lender collects additional money to pay hazard insurance and property taxes on the mortgaged property is called a(n)____________________ mortgage.
Default Rates
The percentage of borrowers who fail to make required payments on their loans within a specified period.
Secondary Mortgage Market
The market where home loans and servicing rights are bought and sold between lenders and investors.
Financial Institution
An establishment that conducts financial transactions such as investments, loans, and deposits.
Household Debt/income Ratio
A measure comparing the debt level of a household to its income, indicating financial health and borrowing capacity.
Q9: a charge or hold by a government
Q18: a three party arrangement involving a trustor,
Q21: A meeting of the minds creating enforceable
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Q37: Under a net lease, the tenant pays
Q46: With a purchase made by an installment
Q57: The borrower's income, the appraisal, and the
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Q66: Under the truth in lending act, the
Q68: Which of the following sources provides the