Borrower fallout

Borrower Fallout
Borrower Fallout definition :
In the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will electto withdraw from the contract.
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Borrower fallout
In the mortgage pipeline, the risk that prospective borrowers of loans committed to be
closed will elect to withdraw from the contract.
Related Terms: ...

[EPA] additional hedge A protection against borrower fallout risk in the mortgage pipeline. [Harvey] additional settlement obligation (ASO) NYCHA loss-sharing arrangement to ensure that CHIPS settles even if a participant fails.

Additional hedge A protection against borrower fallout risk in the mortgage pipeline. Adequacy of coverage A test that measures the extent to which the value of an asset is protected from potential loss either through insurance or hedging.

A protection against borrower fallout risk in the mortgage pipeline.
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Personal Finance Glossary ...

Funds borrowed from a Federal Reserve Bank by member banks to maintain the required reserve ratios.
Borrower fallout ...

See also: Mortgage pipeline, Banks, Prepayment, Expense, Bills