MANDATORY MORTGAGE LOCK
The condition or term, which appears in the sale of a mortgage in the secondary mortgage market, whereby the seller is required to deliver the mortgage at a certain time or pair-out of the trade. The mandatory mortgage lock is different from best-efforts mortgage lock because of the former’s requirement to deliver the mortgage or pair-out the trade. This bears more risk on the seller and commands higher price in the secondary mortgage market than best-efforts locks because of the fewer hedge costs associated with it.
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Council of Economic Advisors - CEA
Committee with three notable economists who advise the President of the United States on macroeconomic issues. The council, comprised of a chairman ...
Branch Office
Secondary location, outside the main office, conducting business of the company. Most branch offices are made up of smaller divisions of various as ...
Rump
A term referring to group of investors who refuses to tender their shares into a corporate action, such as a merger or acquisition.
Catalyst
Something causing or initiating a significant event to happen such as news and information. Initially, it used to pertain to a reaction in chemistr ...
Federal Subsidy Recapture
The Federal subsidy recapture is the repayment of all or part of a federal mortgage subsidy if the home is sold or otherwise disposed of within nin ...
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14A Prox ...
Principles of Trading: Risk Management
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After selecting the rightful ethical investments and making it work, it is about to decide how to disburse your assets after you die. You have two ...
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| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
