loan broker — A person or entity that specializes in matching homebuyers with appropriate mortgage lenders. Loan brokers (also known as mortgage brokers) make most of their money by marking up the costs on the loan the wholesale lender is offering. Loan… … Law dictionary
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 through disbursal of funds (or declining the application). Loan… … Wikipedia
National Association of Real Estate Brokers — The National Association of Real Estate Brokers (NAREB) was formed July 29, 1947, making it the oldest minority trade association in America.[1] NAREB was established by African American real estate professionals as an alternative for African… … Wikipedia
Savings and loan crisis — The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S L crisis) was the failure of 747 savings and loan associations (S Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around… … Wikipedia
Non-conforming loan — A non conforming loan is a loan that fails to meet bank criteria for funding. Reasons include the loan amount is higher than the conforming loan limit (for mortgage loans), lack of sufficient credit, the unorthodox nature of the use of funds, or… … Wikipedia
call loan — noun a loan that is repayable on demand • Syn: ↑demand loan • Hypernyms: ↑loan * * * noun : a loan payable on demand of either party and usually secured by stock or bond collateral and used chiefly by stock exchange brokers to finance margin… … Useful english dictionary
Liar Loan — A category of mortgages known as low documentation or no documentation mortgages that have been abused to the point where the loans are sometimes referred to as liar loans. On certain low documentation loan programs, such as stated income/stated… … Investment dictionary
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 forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at… … Wikipedia
broker's loan — noun 1. : a loan by a bank to a stock exchange broker secured by negotiable securities 2. brokers loans plural : the aggregate amount of money loaned to brokers (as in the New York market) at any given time … Useful english dictionary
Day Loan — A temporary transfer of funds from a bank to an individual broker or a brokerage firm that is made early in the day for the purchase of securities that same day. The securities serve as collateral for the day loan, which must be repaid by the end … Investment dictionary
securities loan — The loan of securities between brokers, often to cover a client s short sale; or a loan secured by marketable securities. Bloomberg Financial Dictionary Also securities lending / securities borrowing Euroclear Clearing and Settlement glossary… … Financial and business terms
