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The highest price that a willing buyer would pay and the lowest a willing seller would accept.
The market for short-term debt instruments. Money market investments include Treasury bills, short-term certificates of deposit, commercial paper, and other, similar instrumets.
Money Market Funds
Refers to mutual funds investing solely in money market instruments.
An interest in real property given as security for the payment of an obligation.
A policy that allows mortgage lenders to recover part of their financial losses from an insurance company if a borrower fails to fully re-pay a loan. Mortgage insurance makes it possible for consumers to buy a home with as little as 5 percent down.
Any person or institution that invests in mortgages. By buying mortgage loans from lenders, the mortgage investor gives the lender funds that can be used for more lending.
Mortgage Life Insurance
A type of term life insurance. The amount of coverage decreases as the mortgage balance declines. In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceeds.
An investment company that enables investors to pool their funds in order to invest in a managed portfolio of securities.