Home > Flashcards > Real Estate & Planning > Florida Real Estate

Details Title: Florida Real Estate Description: Chapter 13 Total Flash Cards: 14 Created: 06/04/2005 08:09:16	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term demand deposits Definition checking accounts/ payable on demand by holder Term discount points Definition a method for increasing a lender's yield Term discount rates Definition the amount of interest the Federal Reserve charges to lend money to its eligible banks Term disintermediation Definition a disengagement process when depositors withdraw money from savings for direct investment in stocks money market funds and other securities Term intermediation Definition the process whereby financial middlemen consolidate many small savings accounts belonging to individual depositors and invest those funds in large diversified projects Term monetary policy Definition the actions undertaken by the Fed to influence the availability and cost of money and credit Term mortgage bankers Definition an individual or company who makes loans with the expectation of reselling them to institutional lenders Term mortgage broker Definition one who finds a lender for a potential borrower and vice versa Term mortgage company Definition and mortgage loan company that originates services and sells loans to investors Term office of thrift supervision Definition a branch of the U.S. Treasury Department that replaced the federal home loan board as regulatory of the thrift industry Term open market operations Definition purchase and sale of U.S. Treasury and federal agency securities Term primary market Definition a source for the purchase of a mortgage loan by a borrower Term reserve requirements Definition the amount of funds that an institution must hold in reserve against deposit liabilities Term secondary market Definition a source for the purchase and sale of existing mortgages