Tag: Lending

Funded Status definition explanation

What is Funded Status?
The status of pension plan that has accumulated assets that have been set aside for the payment of retirement benefits to employees. Unfunded plans, also called pay-as-you-go arrangements, do not have assets set aside and retirement benefits are usually paid directly from employer contributions. Read more for examples and further explanation including related video clips and also comments
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Export-Import Bank Of The United States – Ex-Im Bank definition explanation

What is Export-Import Bank Of The United States – Ex-Im Bank?
A federal agency responsible for facilitating international trade by financing the purchase of domestic exports and providing guarantees or insurance for foreign lines of credit. The Ex-Im bank was created in 1934, after congress established it to be the official export credit agency in the United States. Read more for examples and further explanation including related video clips and also comments
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Pipeline definition explanation

What is Pipeline?
1) An investment company whose purpose is to collect investment funds from a pool of individual investors and invest them in financial securities.

2) The underwriting procedure which must be completed by the Securities & Exchange Commission (SEC) before a security can be offered for sale to the public.

3) A type of risk most often present in mortgage transactions. It expresses the potential for change in financial factors during the time lapse between the mortgage application and the purchase of the property. Read more for examples and further explanation including related video clips and also comments
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Credit Tranche definition explanation

What is Credit Tranche?
A system used by the International Monetary Fund (IMF) to govern its lending activities to member countries. When a member nation applies for a loan to help with balance of payment difficulties, the IMF will disperse the loan in a series of credit tranches. Tranches are a portion of the loan that is released upon the member country fulfilling conditions or requirements set forth by the IMF. Read more for examples and further explanation including related video clips and also comments
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Asset-Backed Commercial Paper Money Market Fund Liquidity Facility – AMLF definition explanation

What is Asset-Backed Commercial Paper Money Market Fund Liquidity Facility – AMLF?
A lending program created by the Federal Reserve Board on September 19, 2008, that will provide new funding to U.S. financial institutions until October 30, 2009. The Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF) provides funding that allows financial institutions to purchase asset-backed commercial paper (ABCP) from money market mutual funds (MMMF) to prevent default on investors’ redemptions. Read more for examples and further explanation including related video clips and also comments
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Mortgage Bankers Association – MBA definition explanation

What is Mortgage Bankers Association – MBA?
The national association that represents the real estate finance industry. The Mortgage Bankers Association, headquartered in Washington is frequently referred to as the MBA. The MBA works to help their members conduct business of single and multifamily mortgage finance by promoting fair and ethical lending practices, fostering professional excellence through educational programs and publications, providing news and information, and holding conferences. Read more for examples and further explanation including related video clips and also comments
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