The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that provides deposit insurance to depositors in American commercial banks and savings institutions, ensuring the stability and public confidence in the nation's financial system.
HARP, launched by the Federal Housing Finance Agency (FHFA) in March 2009, aims to assist homeowners who are underwater on their mortgages with refinancing options to obtain more favorable loan terms.
The Home Affordable Modification Program (HAMP) is a U.S. government program designed to help homeowners reduce their monthly mortgage payments to make them more affordable, aiming to cap mortgage payments at 31% of a borrower’s verified monthly gross pretax income.
A move-up home refers to a property that is larger, more expensive, or better equipped than a starter home, often acquired by individuals or families who have increasing financial stability and changing needs.
Positive cash flow in real estate indicates that rental income exceeds property-related expenses, ensuring profitability and sustainability.
Rental Income Insurance provides financial protection for property owners by covering the loss of rental income when the property becomes uninhabitable or unusable due to covered perils, ensuring continued payment of essential expenses.
The Risk-Based Capital Requirement is a regulatory standard that determines the minimum amount of capital that federally chartered lending institutions must hold, based on the risk profile of their employed assets. The requirement ensures that institutions maintain sufficient capital to manage potential losses and maintain financial stability.
A Federal Reserve funding facility established to lend up to $200 billion on a nonrecourse basis to holders of certain AAA-rated asset-backed securities, designed to promote the flow of credit to consumers and businesses.
