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11 Cards in this Set
- Front
- Back
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MORTGAGE DEBT OUTSTANDING
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mortgage debt outstanding at end of year (?)
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MORTGAGE POOLS
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serve as collateral for the issuance of mortgage-backed securities.
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REGULATED LENDERS
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Depository institutions and life insurance companies that are subject to various govt. regulatory agencies.
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TIME DEPOSIT
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Does not permit withdrawal on demand, usually requiring period of 14-30 days.
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DIRECT LOANS
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Mortgage loans made for medium terms, such as 10 to 15 years, good for commercial customers.
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CONSTRUCTION LOANS
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Shorter term, 2-3 year construction loans are attractive to banks due to higher returns.
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WAREHOUSE LINE OF CREDIT
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Short-term, 6-12 month loans made to mortgage companies for interim funding of their loans until they can be sold.
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LOAN ORIGINATION
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Banks can initially fund these loans with their own deposit assets then sell them to secondary-market investors.
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CREDIT UNIONS
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May be chartered by an group of people who can show a common bond. bond generally that of a loabor union, company's employees, etc.
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FDIC
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Federal Deposit Insurance Corporation
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LIFE INSURANCE COMPANIES
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not considered depository institutions, fully regulated by the various states that charter them.
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