LOW / NO DOCUMENTATION LOAN
A loan category that generally falls under Alt-A sector of mortgage lending. It provides borrowers the capacity to indicate a limited amount of details on their application. Limited income, employment, or asset information may be needed depending on the distinct kinds of low documentation loan. In some cases, however, the borrower need not to provide these information at all. There are definite differences between varied low documentation and no documentation loan programs from lenders.
POPULAR TERMS
Maximum Loan-to-Value Ratio
Maximum allowable ratio of a loan’s size to the property’s value that is securing the loan. Lenders measure the risk using loan-to-valu ...
Cash Return on Assets Ratio
Ratio used to differentiate a business’ performance against other industry members. The company’s analysts may use the ratio internally ...
Retention Bonus
A reward given to an employee that serves as an incentive to keep that key employee on the job during a significant business cycle, like a merger o ...
Infrastructure
Basic physical systems of a business or country such as roads, utilities, transportation, communication, sewage, and water and electric systems, am ...
Cost Control
Act of managing and/or reducing business expenditures done by determining the costs and evaluating if such expenses are affordable and reasonable. ...
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| 14:30 | Raw Materials Price Index | Mar | |
| 16:00 | Consumer Confidence | Apr | |
| 02:30 | PMI Manufacturing | Apr | |
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| 08:00 | Public Sector Net Borrowing | Mar |
