Examlex
An average person reading an average page of text focuses on each point for about 200 milliseconds before jumping to the next focus point. The jumping motion of the eyes is called a
Adjustable Rate Mortgages
Home loans with interest rates that can change over time, often linked to a specific index or benchmark.
Foreclosure Rates
The percentage of properties undergoing the legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments.
Prime Borrowers
Individuals who are considered low-risk by lenders due to their excellent credit history and are thus likely to receive better loan terms.
Government-sponsored Enterprises
Special financial services corporations created by the United States Congress to enhance the flow of credit to specific sectors of the economy, such as housing.
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