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.
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Michael L. Eskew
Retired Chairman and Chief Executive Officer of United Parcel Service, Inc. from 2002 to 2007. The company offers specialized transportation and lo ...
Equity Income
Dividend earning derived from investment in stocks.
Mutual fund investing in high-quality firms that has consistent dividend pay ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Speed Resistance Lines
Speed resistance lines are technical analysis tools that consists of three trend lines whose purpose is for the determination of possible resistanc ...
Ultimate Oscillator
Ultimate Oscillator is a technical indicator which makes use of the weighted average of three varying time periods, thus reducing the volatility an ...
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SEE FOREX TUTORIAL
Defining Inflation
Inflation is the sustained increase in the overall level of products and services in an economy over a particular time period. Expressed as percent ...
Getting to Know The Federal Reserve
The world’s largest economy in the world is the economy of the United States and running it, keeping it in check, and making sure that it doe ...
Buying a Home: Choosing the Best Location
The first consideration when buying a new house is choosing the place where you want to live, regardless if this will serve as an investment or upg ...
Student Loans: Federal Loans
Most of the students mull over the idea of maximizing the federal loan availability first before borrowing for college through a private loan. Norm ...
The Concepts of Economics: Scarcity
To fully grasp the essence of what economics is, we must first understand the concept of scarcity along with the branches of study under economics ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 09:00 | Unemployment Change | Mar | |
| 16:00 | ISM Services PMI | Mar | |
| 01:30 | Household Spending | Feb | |
| 03:00 | ANZ Commodity Prices | Mar | |
| 03:30 | ANZ Jobs Advertisements | Mar | |
| 05:35 | 30-Year JGB Auction | Apr | |
| 07:00 | Leading Indicators | Feb | |
| 09:00 | Foreign Currency Reserves | Mar | |
| 09:15 | PMI Services | Mar |
