Loan Dictionary - N group - No Adjournment, No Asset Loan, No Bid, No Book, No Cash Out Refinance, No Cash-out Refinance, No Cashout Refinance, No Change Scenario, No Cost Refinance, No Fault Insurance

Business and Personal Finance Dictionary

NO ADJOURNMENT - Within the text on the proxy, card are the words: "Shares will be voted at this annual...
NO ASSET LOAN - A documentation requirement where the applicant's assets are not disclosed.
NO BID - Where the VA chooses not to acquire a property in foreclosure upon default but instead to pay ...
NO BOOK - Used for listed equity securities. Not much, if any, stock is being bid for or offered at the...
NO CASH OUT REFINANCE - Also known as a "Rate and Term" refinance, this is a loan in which a lender sim...
NO CASH-OUT REFINANCE - A refinance transaction in which the new mortgage amount is limited to the sum ...
NO CASHOUT REFINANCE - A refinance transaction that is not intended to put cash in the hand of the borr...
NO CHANGE SCENARIO - A method of calculating the future payments required under a variable or adjustabl...
NO COST REFINANCE - A refinance with the fees and charges are added to the new mortgage amount instead ...
NO FAULT INSURANCE - If you live in a state with no fault insurance regulations, your auto insurance po...