JUNK FEES
Obscure charges evaluated in the mortgage closing documents which go to the lender or originator. The fees are not seen in the documents and normally assessed as raw dollars rather than percentage of the loan or points. This may or may not pay for an actual service to the borrower. However, these are normally not known to the borrower before signing. Some common fees include funding fees, messenger fees, settlement fees, sign-up fees, underwriting fees, and translation fees.
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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