Banking terms starting with 0-9

27 terms

30 Days Delinquent The percentage of loans underlying a Security that are 30 to 59 days behind on their scheduled payments.
60 Days Delinquent The percentage of loans underlying a Security that are 60 to 89 days behind on their scheduled payments.
90 Days Delinquent The percentage of loans underlying a Security that are 90 to 180 days behind on their scheduled payments.
Asset Management Estate (AME) Estate that holds the assets of a failed institution. Commonly administered by NCUA's Asset Management and Assistance Center, to which the NCUA Board has…
Asset-Backed Security (ABS) A security whose value and payments are derived from and collateralized (or backed) by the expected cash flows of pools of income-generating assets.
Atl-A Loans Loans extended to borrowers who have a high credit quality but whose characteristics fall outside the margins of Conforming Loan guidelines, such as…
Collateral Properties or assets that are offered to secure a loan and become subject to seizure upon default.
Medium Term Note (MTN) Notes issued in the capital markets in late 2009 by US Central Federal Credit Union and Western Corporate Federal Credit Union.
Non-Agency RMBS A type of Mortgage-Backed Security issued by an entity other than a government sponsored enterprise (Fannie Mae / Freddie Mac) that does not have a…
Principal Paydown Portion of payment applied to principal balance.
Put Option A contractual provision conferring the right, but not the obligation, to sell an asset back to a counterparty (in the case of a security, the original…
Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) A borrowing facility and assessment authority, authorized under the 2009 Helping Families Save Their Homes Act, to allow the NCUA Board the ability to…
Underlying Security (-ies) Securities underlying the NGNs (i.e. Legacy Assets) that produce the cash flows used to pay off the NGNs.
Foreclosure The legal proceedings initiated by a creditor to repossess the collateral for a loan that is in default, usually with the intent to liquidate the seized…
Home Price Appreciation (HPA) The rate by which house prices increase (or decrease) for a specified area, usually quoted on an annual basis.
Investment Grade A security with a rating of BBB- or above.
Note Principal Balance (Unpaid) The initial Note Principal Balance (also known as Par) of a given security on the closing date less all principal payments made on the security…
Prepayment Speed The annualized rate at which borrowers pay off their loans ahead of schedule. Also referred to Constant Prepayment Rate, or CPR.
Real Estate Owned (REO) The ownership of collateral property by the lender - usually a bank - after an unsuccessful sale at a foreclosure auction.
Realized Loss A loss recognized when assets are sold for a price less than the outstanding principal balance of the asset plus interest and liquidation expenses.
Securitization The process through which financial assets are pooled, transferred to a trust or other Special Purpose Entity (SPE), and issued and sold to investors in…
Security (-ies) A general term for stocks, bonds, options, subscription rights, warrants and other tradable investments that confer a right to income or ownership.
Subprime Loans Loans extended to borrowers who do not qualify for the best market interest rates due to a deficient credit history and/or a low credit score.
Tranche One of several related securities issued in a Securitization transaction. Tranches in the same transaction may have different maturity, subordination and…
Underlying Loans Loans underlying a security that produce the cash flows used to pay off that security.
Underwriter A company or other entity that administers the public issuance and distribution of securities from a corporation or other issuing body.
Weighted Average Life The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding.