JUMBO LOAN
A mortgage with a loan amount that exceeds the conforming loan limits fixed by the Office of Federal Housing Enterprise Oversight (OFHEO). The agency sets the conforming loan limits size annually. Also known as jumbo mortgage, it cannot be guaranteed, purchased, or securitized by Fannie Mae or Freddie Mac. These loans are mostly used for secondary and luxury homes.
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Specific-Shares Method
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Voting Trust Certificate
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Sample Selection Bias
Sample Selection Bias is a type of bias resulting from the selection of non-random data meant for statistical analysis.
Combined Loan to Value Ratio - CLTV Ratio
Ratio determining the default risk of a potential homebuyer if he would purchase a home using multiple mortgages. In general, creditors are willing ...
Contagion
Possibility a significant economic changes in a country will spread to other nations. It pertains to the spread of either an economic boom or econo ...
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