What Is a Mortgage Recast? A mortgage recast, also called a loan recast, is a feature of some types of mortgages where remaining monthly payments are recalculated based on a new amortization schedule. During a mortgage recast, the borrower pays a large sum toward their principal, and their mortgage is then recalculated based on the
What Is a Mortgage Revenue Bond (MRB)? A mortgage revenue bond (MRB) is a type of municipal bond that is issued by local housing authorities to finance mortgages for qualified, usually people whose self-reported incomes were in the lowest income bracket, first-time homebuyers. Key Takeaways A mortgage revenue bond (MRB) is a type of municipal
What is a Mortgagor A mortgagor is that who borrows money from a lender in order to purchase a home or other piece of real estate. Mortgagors can obtain mortgage loans with varying terms based on their credit profile and collateral. In a mortgage loan the mortgagor must pledge the title to the real property
What Is the Mosaic Theory? The mosaic theory refers to a method of analysis used by security analysts to gather information about a corporation. The mosaic theory involves collecting public, non-public, and non-material information about a company to determine the underlying value of its securities and to enable the analyst to make recommendations to clients based
What Is Mossack Fonseca? The term Mossack Fonseca refers to a Panama-based law firm that was embroiled in the Panama Papers scandal. Founded in 1977, the firm was headquartered in Panama and operated globally in more than 40 countries. The firm employed about 600 people, providing its clients with various legal solutions and trust services.
What Is Most Active? The term most active refers to stocks whose shares have the highest trading volume on a stock exchange over a given period of time. Most active stocks, which are commonly known as volume leaders, are most often quoted during a single trading day. Corporate news or economic data create market pressure
What Is the Most-Favored-Nation Clause? A most-favored-nation (MFN) clause requires a country providing a trade concession to one trading partner to extend the same treatment to all. Used in trade treaties for hundreds of years, the MFN clause and its principle of universal equal treatment underpin the World Trade Organization. In U.S. trade legislation, most-favored-nation
What Is Moore’s Law? Moore’s Law states that the number of transistors on a microchip doubles every two years. The law claims that we can expect the speed and capability of our computers to increase every two years because of this, yet we will pay less for them. Another tenet of Moore’s Law asserts that this
What Is Moral Obligation Bond? Moral obligation bond is a tax exempt revenue bond issued by a municipality, or similar government body, that carries with it a moral, though not legal, commitment to avoid defaulting on payments, even it means appropriating funds from elsewhere. Key Takeaways Moral obligation bond is a tax exempt revenue bond
What Is Moral Suasion? Moral suasion is the act of persuading a person or group to act in a certain way through rhetorical appeals, persuasion, or implicit and explicit threats—as opposed to the use of outright coercion or physical force. In economics, it is sometimes used in reference to central banks. Key Takeaways Moral suasion
