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MBS servicing
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MBS servicingThe requirement that the mortgage servicer maintain payment of the full amount of contractually due principal and interest payments whether or not actually collected.
RELATED TERMS--------------------------------------
Mortgage
A loan, usually to buy property, which serves as security for the loan; to take out a loan with a property as security.
Payment
The amount required to repay a loan, including interest and fees.
Full
Handle.
Principal
The amount of a loan, which the borrower has to pay back when the loan matures; a person who engages a broker to buy and sell for him.
Interest
The amount of money a lender loans a borrower to pay for using the borrower's principal.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Maximum expected return criterion (MERC)
Standard that one choose the asset with the highest anticipated return.
Maximum price fluctuation
The greatest amount by which the contract price can change, up or down, during one trading session, as fixed by exchange rules in the contract specification.
Maximum return criterion (MRC)
Standard that one choose the asset with the highest return.
May Day
The date of May 1, 1975, after which brokers were allowed to charge any brokerage commission, rather than a mandatory rate.
May expand
Used in the context of general equities. Warning that the size of the order-total may be increased.
MBS servicing
McClellan oscillator
A market breadth indicator that is based on the difference between the number of advancing and declining issues on the NYSE.
McClellan summation index
The McClellan Summation Index is a long-term version of the McClellan Oscillator.
McFadden Act
In the USA, restricts commercial banks to operating in only one state.
Meals and entertainment expense
A tax deduction allowed for meals and entertainment expenses incurred in the course of business.
Mean
The expected value of a random variable. Arithmetic average of a sample.
RELATED TERMS--------------------------------------
Mortgage
A loan, usually to buy property, which serves as security for the loan; to take out a loan with a property as security.
Payment
The amount required to repay a loan, including interest and fees.
Full
Handle.
Principal
The amount of a loan, which the borrower has to pay back when the loan matures; a person who engages a broker to buy and sell for him.
Interest
The amount of money a lender loans a borrower to pay for using the borrower's principal.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Maximum expected return criterion (MERC)
Standard that one choose the asset with the highest anticipated return.
Maximum price fluctuation
The greatest amount by which the contract price can change, up or down, during one trading session, as fixed by exchange rules in the contract specification.
Maximum return criterion (MRC)
Standard that one choose the asset with the highest return.
May Day
The date of May 1, 1975, after which brokers were allowed to charge any brokerage commission, rather than a mandatory rate.
May expand
Used in the context of general equities. Warning that the size of the order-total may be increased.
MBS servicing
McClellan oscillator
A market breadth indicator that is based on the difference between the number of advancing and declining issues on the NYSE.
McClellan summation index
The McClellan Summation Index is a long-term version of the McClellan Oscillator.
McFadden Act
In the USA, restricts commercial banks to operating in only one state.
Meals and entertainment expense
A tax deduction allowed for meals and entertainment expenses incurred in the course of business.
Mean
The expected value of a random variable. Arithmetic average of a sample.
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This dictionary contains 24549 terms.
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