A survivorship clause in a loan agreement specifies who remains liable for the debt if one borrower dies,...
A substandard loan is a bank loan identified as having serious weaknesses that threaten full repayment....
Stated-income loan programs allow borrowers, especially self-employed individuals, to qualify for loans...
A stated asset program allows borrowers to qualify for loans using liquid assets, like savings and investments,...
Spousal Co-Borrower Rules allow lenders in community property states to consider a non-borrowing spouse’s...
The Risk Retention Rule mandates that lenders maintain a stake in the loans they package into securities....
Risk-based capital requirements are regulatory standards that require banks to hold capital proportional...
Retention of loan documents means keeping your loan paperwork for specific periods to ensure legal protection,...
Required minimum reserves were legally mandated cash amounts banks had to hold and not lend out. In March...
Reduced documentation underwriting simplifies the loan approval process by verifying income through alternative...