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  • Indicates whether the property to which the loan application relates will be the owner's principal dwelling. For multifamily dwellings (housing five or more families), and any dwellings located outside MSA/MDs, or in MSA/MDs where an institution does not have home or branch offices, an institution may either enter the code for not applicable or the code for the actual occupancy status.

    For purchased loans, use code 1 (owner-occupied as a principal dwelling) unless the loan documents or application indicate that the property will not be owner-occupied as a principal residence.

    For second homes or vacation homes, as well as for rental properties, use code 2 (not owner-occupied as a principal dwelling).

    If a loan relates to multiple properties, the institution reports the owner-occupancy status of the property for which property location is being reported.

    Federal Financial Institutions Examination Council - Cite This Source - This Definition
  • Browse Related Terms: Dwelling, Home Improvement Loan, Home Purchase Loan, Loan Purpose, Occupancy, Property Type, Refinancing

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  • A security's offering price is the price at which it is taken to market at the time of issue. It may also be called the public offering price.

    For example, when a stock goes public in an initial public offering (IPO), the underwriter sets a price per share known as the offering price. Subsequent share offerings are also introduced at a specific price.

    When the stock begins to trade, its market price may be higher or lower than the offering price. The same is true of bonds, where the offering price is usually the par, or face, value.

    In the case of open-end mutual funds, the offering price is the price per share of the fund that you pay when you buy.

    If it's a no-load fund or you buy shares with a back-end load or a level-load, the offering price and the net asset value (NAV) are the same. If the shares have a front-end load, the sales charge is added to the NAV to arrive at the offering price.

  • Browse Related Terms: Floating an issue, Go public, Gross spread, Hot issue, Lock-up period, New Issue, Offering date, Offering price, Oversubscribed, Reverse merger, Secondary offering, Startup

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All > Business > Real Estate > Superfund

All > Business > Real Estate > Superfund

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