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
Netscaped
A term which refers to an instance in which a company gets damaged materially or put out of business as a result of heat-to-head competition with M ...
Omega
Omega is the change in an option’s worth with respect to the percentage adjustment in the underlying price. It gives option investors an idea ...
Irrelevance Proposition Theorem
A theorem on capital structure that assume financial leverage has no effect on the company’s value if income tax and distress costs are absen ...
Master-Feeder Fund
A common and efficient structure used by hedge funds to pool investment capital raised by dometic and foreign investors into one centralized vehicl ...
Balance Sheet Reserves
The amount provided as a liability on the balance sheets of an insurance company for the benefits owed to the policy owners. The balance sheet rese ...
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An Introduction to the Basics of Economics
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Everything You Need To Know About Stock Trader Types
The perks and benefits of being a stock trader is one of the most coveted but first you must be a successful a stock trader. A lot of people go int ...
An Introduction to Insurance
Most people in the world own insurance. Insurance take a lot of forms such as medical insurance, automobile insurance, and the most common of them ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 20:00 | FOMC Member Loretta Mester Speaks | ||
| 01:30 | National CPI | Sep | |
| 01:30 | National CPI ex Fresh Food | Sep | |
| 01:30 | Tokyo CPI ex Fresh Food & Energy | Sep | |
| 01:50 | Summary of Opinions | ||
| 09:00 | CPI | Sep | |
| 10:30 | M4 Money Supply | Aug | |
| 10:30 | Mortgage Approvals | Aug | |
| 10:30 | Net Lending to Individuals | Aug |
