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A joint bank account is a type of account opened by 2 or more individuals. It is opened by 2 or more individuals with the legal responsibility to share the concomitant ri...
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An unsecured note is a note that does not have a collateral. These are notes issued by finance companies usually from 3 months to 3 years. It offers higher maturity rate ...
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Stapled securities is a security that contractually binds 2 or more different things together so that they cannot be sold separately.
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Unlisted mortgage fund is not listed in the public market. It is where you invest your money in a mortgage fund wherein you cannot withdraw from the fund at a short notic...
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Mortgage modification is changing terms of the loan, outside the original agreement in the contract: including change in interest rate, principal, late fees or penalties;...
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It is a process by which a financially distressed borrower sells his home for less money than he owes on it to avoid foreclosure (which involves higher fees for the lende...
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