SERVICING FEE
Servicing Fee is a mortgage servicer’s payment taken from the mortgage payment. The borrower compensates the mortgage servicer for the maintenance of record payments, collection and carrying out escrow payments, and the passing of principal and interest payments along to holders. The servicing fee is typically priced between ).25% to 0.5% of the remaining principal balance of the mortgage per month.
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Troubled Asset
Assets that are overpaid by banks including loans made to borrowers who can no longer fulfill their debt obligations. Often guaranteed by collatera ...
Assignable Contract
A futures contract that has a provision which allows the contract holder to bear his/her rights of assignment into a third party. This permits the ...
Warm Card
Warm Card is a type of ATM card through which an individual can have restricted access to a business account. Usually, this card only allows deposi ...
Shanghai Stock Exchange
The Shanghai Stock Exchange is the stock exchange of mainland China. It is by far, the largest stock exchange managed by the China Securities Regul ...
Clearing Fee
Fee a clearing house charges for its services. Often associated with futures trading, it include both brokerage fee and clearing fee.
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