OCCUPANCY FRAUD
It is a mortgage fraud, where the debtor lies about whether or not the home will be owner occupied. Occupancy fraud occurs if the debtor says that a home will be the owner occupied, when in reality it won’t be. Mortgage lenders normally provide lower rates to mortgages. When occupancy fraud happens, banks take too much risk because they are receiving lower interest rates for the delinquency risk that exists.
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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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