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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Equalization Payments
Payment the federal government made to an individual, province, or state to offset monetary imbalances between several parts of the country or indi ...
Seller
In the financial industry, a seller may be one of two things. First, it is an entity that may be an individual or a group that exchanges a product ...
SLL
SLL is the abbreviation for the currency in the Republic of Sierra Leone which is the Sierra Leone leone.
Error Term
Margin of error in a statistical and/or mathematical model created when the model fails to fully depict the actual connection between the independe ...
Treasury Bill - T-Bill
Short-term debt obligation with a maturity of less than one year. Backed by the US government, these debts are sold in denominations from $1,000 up ...
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