MORTGAGE BANKER
A company, individual, or entity who lends mortgages. These bankers utilizes their own funds or funds taken from a depot lender to finance mortgages. After a mortgage is materialized, the banker might keep the mortgage in the portfolio or sell it to an investor. Also, the mortgage banker might use the mortgage or sell the usage rights to a financial institution. Its primary business is to gain the fees associated with the loan origin. Most mortgage banks do not hold the mortgage in portfolio.
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Concentration Ratio
Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
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Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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