LENDER-PAID PRIVATE MORTGAGE INSURANCE
The private mortgage insurance that a mortgage lender pays for the borrower. In general, the mortgage insurance is mandatory if the loan to value (LTV) ratio is more than 80%. When lenders pay the private mortgage insurance on behalf of the borrower, it charge a higher interest rate. In other words, the borrower still pays the private mortgage insurance but in the form of a higher interest rate.
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Short Leg
Short Leg is a contract where an individual holds a short position. The contract is in the option spread created by the trader by purchasing a put ...
Borrowing Base
Money a lender will loan to a company. The borrowing base is usually determined by a method called margining, where the lender determines a discoun ...
Swaziland Lilangeni
Currency abbreviation for the Swaziland Lilangeni, the official currency of Swaziland. The currency is comprised of 100 cents and presented with th ...
Deposit/Withdrawal At Custodian - DWAC
A method of electronically transferring new shares or paper share certificates from the Depository Trust Company (DTC), which acts as a clearinghou ...
Economic Stimulus
Plans to financially stimulate an economy. It implements monetary or fiscal policy changes to bolster a lagging or struggling economy. Governments ...
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| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
