by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Government National Mortgage Association?How Does Ginnie Mae Work?Ginnie Mae vs. the Other Maes and Freddie Mac What is the Government National Mortgage Association?The Government National Mortgage Association (Ginnie Mae) is a...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Conforming?How Does a Conforming Loan Work?Conforming Loans vs. Nonconforming LoansSpecial Considerations for Conforming Loans What is a Conforming?In the United States, there are certain guidelines that loans are required to meet as...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Financial Holding Company?How Does a Financial Holding Company Work? What is a Financial Holding Company?A financial holding company (FHC) is a type of corporation that engages in banking-related activities but offers non-banking...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is Full Recourse Debt?How Does Full Recourse Debt Work?Full Recourse Debt ProvisionsNon-Recourse Debt What is Full Recourse Debt?Full recourse debt is a secured debt but offers more protection to a lender unlike other types of secured...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Middle Office?How Does Middle Office Work?Requirements of the Middle Office What is a Middle Office?In an organization, the middle office is the office in charge of its investments and other financial activities, losses, and profits...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Credit Union?How Does a Credit Union Work?Requirements for Credit Union MembershipAdvantages of Credit UnionsDisadvantages of Credit UnionsCredit Unions vs. BanksSpecial Considerations What is a Credit Union?A credit union is a...
