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OTS
OTS Short for Office of Thrift Supervision. A bureau of the U.S. Treasury Department established in August 1989. OTS has the authority to charter federal Thrift Institutions and serves as the primary regulator of approximately 2,000 federal and state chartered thrifts.
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Thrift
A financial institution established to promote "thrift" by accepting savings deposits, and to make home mortgage loans.
SIMILAR TERMS--------------------------------------
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Origination
The process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal.
Origination fee
The charge for originating a loan; is usually calculated in the form of points and paid at closing.
Originator
A company that sources and underwrites commercial and-or multifamily mortgage loans
Ostensible agency
A form of implied agency relationship created by the actions of the parties involved rather than by written agreement or document.
Other income
Refers to income other than rent, such as vending and laundry machines, storage or parking space income, and so on.
OTS
Out parcel
Individual retail sites in a shopping center
Overallotment
A practice through which underwriters offer and sell more shares than they have agreed to buy from the issuer
Overhang
A protruding structural feature.
Overhanging redemption penalty
An early redemption charge that lasts beyond the benefit period is referred to as an extended or overhanging redemption penalty.
Owner financing
A property purchase transaction in which the property seller provides all or part of the financing.
This dictionary contains 6433 terms. |
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