FHA STREAMLINE REFINANCE
FHA requires the mortgage to be FHA insured and not delinquent to qualify for a mortgage-refinancing. The refinance has to result in a reduction in the interest and principal payment of the homeowner, and no cash can be taken out of the refinanced mortgage. There are two forms of this refinance available: non-credit qualifying and credit qualifying.
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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
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Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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