Understand Depository Functions, which include accepting deposits, offering loans, and providing specialized services targeted at both individuals and businesses.
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a government-sponsored enterprise that facilitates mortgage financing by purchasing mortgage loans from lenders.
A comprehensive examination of Savings and Loan Associations (S&Ls), their history, functions, importance, and financial challenges in the United States.
A comprehensive guide to understanding the Certificate of Eligibility issued by the Veterans Administration for VA mortgage loans.
The Debt Coverage Ratio (DCR) is a key financial metric used to assess the ability of income properties to cover their debt obligations. Calculated as the ratio of Net Operating Income (NOI) to Annual Debt Service (ADS), it plays a crucial role in mortgage underwriting.
The Farm Service Agency (FSA) is an agency of the U.S. federal government that provides mortgage loans at below-market interest rates for farmers and individuals serving the agricultural community.
The Federal Land Bank is an agency that provides mortgage loans on rural properties to farmers and individuals who provide essential services to the farming and ranching community. Borrowers are required to purchase stock in their local land bank association as additional security for the loan.
Comprehensive coverage of Federal Savings and Loan Associations including their role, history, scope, and special considerations.
A kicker, also known as a sweetener, is a feature added to a debt obligation to enhance its marketability by offering prospects of equity participation, such as convertibility to stock or ownership participation in mortgage loans.
A comprehensive look into the role of a mortgage banker, including definitions, functions, examples, and historical context in mortgage financing.
Comprehensive overview of Mortgage Insurance Premium (MIP), including definition, types, payment methods, historical context, applicability, comparisons, related terms, FAQs, and references.
A comprehensive examination of Principal and Interest Payment (P&I), its calculation, components, applications, and related financial terms in the context of amortizing loans.
An in-depth look into Refinanced Mortgages, their types, mechanisms, benefits, and impacts on the economy.
An in-depth look at the back-end ratio, a key financial indicator used to assess a borrower's ability to manage monthly debt payments. Learn how to calculate it, understand its importance in lending decisions, and distinguish it from the front-end ratio.
An in-depth exploration of banking operations, various types of banks, and practical tips for selecting the best bank for your needs.
Detailed explanation of origination points, their role in mortgage loans, calculation methods, examples, and their impact on borrowers and lenders.
