CONSTANT DEFAULT RATE - CDR
Annualized default rate on a pool of mortgages, usually within a collateralized product including mortgage-backed security (MBS). This rate represents the percentage of outstanding principal balances in the pool that have defaulted, which includes a 60-day and 90-day notices, as well as those in the foreclosure process. The analysis accounts if a home is in foreclosure, the mortgage servicing firm advances the interest and principal payments into the MBS.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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