INTEREST COST
Total interest incurred by a borrower over the entire term of a loan. The amount should include any points paid to cut down the interest rate on a loan, since points are basically pre-paid interest. In addition, any negative points or rebates paid by a lender to a borrower should be deducted from the interest cost since they are in effect a refund of future interest the borrower will pay on the loan.
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Tenants by Entirety - TBE
Method in certain states where married couples can hold the property title with rights of survivorship. The consent of both spouses is required if ...
Prime Underwriting Facility
A kind of revolving underwriting facility. Prime underwriting facilities peg the lender's yield to the bank's prime rate. Most prime underw ...
Invisible Hard Market
A property or casualty insurance market phenomenon in which the market is hardening, seeing trimmed supply and higher prices, but the usually optim ...
Conforming Loan
Mortgage equivalent or less than the amount established by the conforming loan limit. In the United States, the Office of Federal Housing Enterpris ...
Negative Arbitrage
It occurs when a borrower’s interest rate that he or she pays on its debt is bigger than the interest rate a borrower earns on the money that ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | Bundesbank Monthly Report | ||
| 14:30 | Foreign Securities Purchases | Apr | |
| 14:30 | NY Fed Empire State manufacturing index | Jun | |
| 16:00 | NAHB Housing Market Index | Jun | |
| 19:00 | ECB President Mario Draghi Speaks | ||
| 20:45 | BOC Deputy Governor Lawrence Schembri Speaks | ||
| 22:00 | TICS | Apr | |
| 23:00 | Westpac Consumer Confidence | 2 quarter | |
| 03:30 | Monetary Policy Meeting Minutes |
