Holiday Songs
Mortgage Terms
Technical Potpourri
Mortgage Acronyms
Holiday Movies
100
The partridge sat in this type of tree according to this well known Christmas song.
What is pear tree?
100
The borrower must prove that they have enough of these liquidatable funds to close the loan.
What are assets?
100
This measures how spread out a set of data is relative to the mean.
What is variance?
100
DTI
What is Debt to Income?
100
This movie involves a creature who hates this holiday and robs the town of its Christmas objects.
What is How The Grinch Who Stole Christmas?
200
This song was recorded by Vaughn Monroe in 1945 and opens with the line, "Oh the weather outside is frightful, but the fire is so delightful, and since we've no place to go..."
What is let it snow?
200
Fee paid for use of borrowed money. May be fixed or variable.
What is interest?
200
This is another word to represent the coefficients of a model.
What are parameters?
200
UPB
What is unpaid principal balance?
200
This movie has a "stingy" person that learns the true meaning of Christmas by having 4 ghosts visit him.
What is A Christmas Carol?
300
The song has "fa la la la la" throughout.
What is Deck the Halls?
300
Company that collects payments and communicates with the borrower on behalf of the holder of the mortgage.
What is a Mortgage Servicer?
300
A situation where there is a high degree of correlation among the indpendent variables in a model.
What is multicollinearity?
300
HELOC
What is Home Equity Line of Credit?
300
This movie has a boy who was left behind and defends his home from burglars.
What is Home Alone?
400
In the Christmas carol, "We wish you a Merry Christmas" the carolers are pretty insistent they get this treat before leaving.
What is figgy pudding?
400
One of the automated underwriting system that provides the primary market with a preliminary loan approval is known as this
What is Desktop Underwriter (DU)?
400
The probability of obtaining a sample outcome, given that the value stated in the null hypothesis is true.
What is a p-value?
400
IRRRL
What is a Interest Rate Reduction Refinancing Loan?
400
This movie is about a man raised as an elf.
What is Elf?
500
This well-known Christmas carol became the first song ever broadcast from space in 1965.
What is Jingle Bells?
500
The distribution of a single lump sum amount into payments that are applied over the term of the loan
What is amortization?
500
Python's name is derived from this British comedy group.
Who is "Monty Python"?
500
PITI
What is principal, interest, taxes, and insurance?
500
This movie is about a boy wanting a Red Ryder BB Gun.
What is A Christmas Story?
