Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
spread — spread1 W2S2 [spred] v past tense and past participle spread ▬▬▬▬▬▬▬ 1¦(affect more people/places)¦ 2¦(information/ideas)¦ 3¦(open/arrange)¦ 4¦(throughout an area)¦ 5¦(soft substance)¦ 6¦(arms/fingers etc)¦ 7¦(over time)¦ 8¦(share)¦ … Dictionary of contemporary English
Yield spread premium — The yield spread premium (YSP) is the cash rebate paid to a mortgage broker based on selling an interest rate above the wholesale par rate that the borrower qualifies for. For example, If a mortgage broker offers a borrower a loan of $100,000 at… … Wikipedia
Yield spread — In finance, the yield spread is the difference between the quoted rates of return on two different investments, usually of different credit quality.It is a compound of yield and spread.The yield spread of X over Y is simply the percentage return… … Wikipedia
Credit spread (options) — Finance Financial markets Bond market … Wikipedia
savings and loan association — a cooperative savings institution, chartered and regulated by a state or the federal government, that receives deposits in exchange for shares of ownership and invests its funds chiefly in loans secured by first mortgages on homes. Also called… … Universalium
Credit spread (bond) — Finance Financial markets Bond market … Wikipedia
Net interest spread — refers to the difference in borrowing and lending rates of financial institutions (such as banks) in nominal terms. It is considered analogous to the gross margin of non financial companies. Net interest spread is expressed as interest yield on… … Wikipedia
Reduced Spread — A reduction in the spread between the buy/bid and sell/ask price for a security, currency, or loan. In most cases, a reduction in the spread signifies that a financial institution will experience a decline in its profit margin that it earns on… … Investment dictionary
Savings and loan crisis — The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S L crisis) was the failure of 747 savings and loan associations (S Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around… … Wikipedia
Savings and loan association — A savings and loan association, also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage loans. The term is mainly used in the United States; similar institutions in the United Kingdom … Wikipedia