Loan officer — A loan officer is a person who serves as an intermediary between lending institutions and borrowers. They solicit loans, represent creditors to borrowers, and represent borrowers to creditors.Loan officers work for banks and other financial… … Wikipedia
pass — /pɑ:s/ verb 1. ♦ to pass a dividend to pay no dividend in a certain year 2. to approve something ● The finance director has to pass an invoice before it is sent out. ● The loan has been passed by the board. ♦ to pass a resolution to vote to agree … Dictionary of banking and finance
Bank Pool Loan — A fairly new form of loan, the Bank Pool Loan or BPL, is a tool used by US based firms trading on public markets that need funding of under $10,000,000. In a BPL, A group of European based banks (the pool), create a European firm who s sole… … Wikipedia
Federal Savings and Loan — A federally chartered savings and loan is a banking institution that functions in a very similar fashion to retail banks and credit unions, with some slight limitations on the type of services it can offer. Historically, the primary purpose of… … Investment dictionary
White Pass and Yukon Route — Infobox rail logo filename=White Pass.png railroad name=White Pass and Yukon Route logo size=150 old gauge= marks=WPY locale=Alaska, northern British Columbia, Yukon Territory start year=1898–1982, 1988 end year=present… … Wikipedia
whole loan pools — Mortgage backed securities not issued by or guaranteed by a U.S government agency or U.S. government sponsored enterprise. The mortgage loans comprising whole loan pools are generally loans that do not meet GNMA, FNMA, or FHLMC requirements.… … Financial and business terms
Pollock v. Farmers' Loan & Trust Co. — Infobox SCOTUS case Litigants=Pollock v. Farmers Loan Trust Co. ArgueDate=March 7 ndash;8 ArgueDateB=11 ndash;13 ArgueYear=1895 DecideDate=April 8 DecideYear=1895 FullName=Pollock v. Farmers Loan and Trust Company USVol=157 USPage=429 Citation=15 … Wikipedia
PLUS Loan — A low cost student loan offered to parents of students currently enrolled in post secondary education. With a PLUS Loan, the parent borrows money on the student s behalf. To be eligible for a PLUS Loan, a student must be enrolled at least part… … Investment dictionary
Weighted Average Loan Age - WALA — A dollar weighted average measuring the age of the individual loans in a mortgage pass through or pooled security, such as Ginnie Mae or a Freddie Mac security. The WALA is measured as the time in months since the origination of the loans, with… … Investment dictionary
weighted-average loan age — ( WALA) The average number of months since the date of origination for each mortgage in a mortgage pass through issued by Freddie Mac. The average is weighted by the size of the loans in the pool. American Banker Glossary … Financial and business terms
Agency pass-throughs — Mortgage pass through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association ( Ginnie Mae ), Federal Home Loan Mortgage Corporation ( Freddie Mac ) and Federal… … Financial and business terms