“This pioneering transaction represents an important event in the evolution of PennyMac Financial’s capital structure and marks a watershed development for the mortgage banking industry. and.
A traditional, real estate financing mechanism that is not backed by any government or other agency (FHA, VA, etc.). CONVERTIBLE ARM A mortgage that begins with an adjustable rate, that allows the borrower to convert the loan to a fixed rate within a specific time frame.
fixed-rate mortgage A mortgage whose rate remains constant throughout the life of the mortgage. flood insurance The federal flood disaster protection Act of 1973 requires that federally-regulated lenders determine if real estate to be used to secure a loan is located in a Specially Flood Hazard Area (SFHA).
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Sullivan’s professional designations and certificates include Registered mortgage licensing act, annual education courses for Real Estate. a master’s degree in project management from Boston.
“This transaction significantly strengthens PMT’s liquidity profile by providing long-term financing from a broad group of institutional investors at attractive economic terms. PennyMac Mortgage.
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while continuing to master the old. After all, Judge Holmes ain’t offering up that word play for no one to read it. For January’s case, we covered Conner v. Commissioner, T.C. Memo 2018-6, a case.
The real estate industry has its own unique language and, without some knowledge of this language, you may find yourself a bit confused if you become involved in a real estate transaction. With this in mind, the experts at Our Title Companies have compiled the following glossary of terms commonly used in the real estate industry.
The good news is that dividend stocks are a great way for long-term investors to meet their financial goals, both in terms. of sector/industry stress, such as the 1990’s recession, partially.
This glossary defines mortgage and real estate terms as they are commonly used. These terms may have different connotations in different locales and when used in a different context. This glossary should only be used as general guide and not relied upon to make decisions about real estate or financing.
Investopedia.com – The Investing Education Site. Includes the most comprehensive investing dictionary on the web as well as articles and tutorials on nearly any aspect of the market.