ABILITY TO REPAY
The financial capacity of a particular individual to harvest a positive outcome on a debt. The phrase "ability to repay" was specifically mentioned in the Title XIV, the Mortgage Reform and Anti-Predatory Lending Act, of the Wall Street Reform and Consumer Protection Acts by Dodd-Frank in 2010 for the intention of describing the requirement wherein mortgage originators must prove that the potential borrower's could afford the mortgage that they are applying for. Originators are obligated to check at the total current income and existing debt of the borrower, for example, to make sure that the potential mortgage debt, required insurance, property taxes plus the existing debt will not exceed a stated percentage of the borrower's income.
POPULAR TERMS
Hard Stop
A price level that if reached will trigger an order to sell an underlying security. Hard stops are set at a constant price and are inherently good ...
Chapter 9
Bankruptcy proceeding which provides for reorganization of municipalities including cities, counties, townships, and school districts. Financially ...
Open-End Fund
This type of mutual fund has no restrictions on the amount of shares the fund will issue. If the demand is high enough, the fund continues to issue ...
Real Estate Operating Company - REOC
A real estate operating company invests in real estate and its shares are traded in a public exchange. It is actually similar to real estate invest ...
News Trader
A news trader is a trader or investor who makes decisions based on news announcements. News traders attempt to profit by forecasting how a market w ...
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SEE FOREX TUTORIAL
An Introduction to Stocks
Imagine this: you are a company owner, you get income but you don’t go to work, you just do what you want and the money keeps coming in. This ...
Principles of Trading: Risk Management
It is imperative for traders to master risk management, which includes knowing how much you could lose per trade or over time and evaluating the pe ...
Student Loans: Repayment in Times of Financial Difficulty
One day, you are in the middle of a financial hardship. Unfortunately, you still have student loans to pay. What will you do? In times like these, ...
Digesting Financial Statements: Long-Lasting Assets
Long-lived assets, also known as non-current assets, is any asset a company expects to keep for at least one year. Such assets are expected to boos ...
Buying a Home: Everybody’s Goal
Since childhood, Selena has always dreamed of owning a large farm house surrounded with lots of animals – every kind of animal the world has ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | Tertiary Industry Index | May | |
| 02:30 | PMI Composite | May | |
| 03:00 | MI Inflation Gauge | May | |
| 03:30 | ANZ Jobs Advertisements | May | |
| 03:30 | Company Operating Profits | 1 quarter | |
| 03:45 | Markit Services PMI | May | |
| 08:00 | Trade Balance | Apr | |
| 08:30 | CPI | May | |
| 09:15 | PMI Services | May |
