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Spot lending |
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Spot lendingOriginating mortgages by processing applications taken directly from prospective borrowers.Spot lending Similar MatchesLending agreementLending agreementA contract regarding funds transferred between a lender and a borrower. Truth in lending lawTruth in lending lawLegislation governing the granting of credit, that requires lenders to disclose the true cost of loans and the actual interest rates and terms of the loans in a manner that is easily understood. Second mortgage lendingSecond mortgage lendingLoans secured by real estate previously pledged in a first mortgage. Lending at a rateLending at a rateInterest paid to a customer on the credit balance received from a short sale. Minimum lending rateMinimum lending rateThe minimum rate of interest at which the Bank of England was willing to lend to the money markets. Discontinued in 1981. |
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