ALTERNATIVE DOCUMENTATION
A process of documentation to approve loans where the lender will accept documents like paychecks stubs and bank statements from the borrower as verification of income on the application. This is said to be much quicker than the traditional method of verification.
POPULAR TERMS
Gift Letter
Written correspondence given to a lender acknowledging the money received is a gift from a friend or relative. Normally, it occurs when a borrower ...
Digits Deleted
A designation on an exchange's ticker tape that refers to the absence of one or more price digits caused by tape delay. Digits deleted comes in ...
Quadruple Witching
Basically, quadruple witching is the day in which all contracts for stock index options and futures, single stock futures, and stock options expire ...
Cash on Delivery - COD
Transaction in which payment for an ordered good is made on its delivery date and time. The good will be returned to the seller should the buyer fa ...
Robo-Signer
A mortgage servicing company employee signing foreclosure documents without reviewing them. A robo-signer does not review details of individuals, a ...
POPULAR ARTICLE
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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13:00 | Bundesbank Monthly Report | ||
15:30 | New Housing Price Index | Dec | |
17:00 | Consumer Confidence | Jan | |
17:00 | Leading Index | Dec | |
02:30 | NAB Business Confidence | Dec | |
02:30 | PMI Manufacturing | Jan | |
02:30 | Tertiary Industry Index | Jan | |
02:30 | PMI Composite | Jan | |
07:00 | BOJ Core CPI | Dec |