RESPA Financial Glossary

What is it? Real Estate Settlement Procedures Act, a law protecting consumers from abuses during the residential real estate purchase and loan process by requiring lenders to disclose all settlement costs, practices, and relationships.

Finance Term Definition Added By: Daniel

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Other Similar Finance Terms:

Financial Term Flotation is When a company joins the stock market and starts to sell its shares to the general public.

Financial Term Selling Group is A collection of investment bankers who participate in the distribution of new issues to potential investors.

Financial Term Cumulative Voting is A shareholder may cast all his or her votes for one candidate for the board of directors. Also see majority voting.

Financial Term value at risk (VAR) is The amount or percentage of value that is at risk of being lost from a change in prevailing interest rates (similarly defined for things other than interest rates as well). The sensitivity of the value of a single financial instrument, a portfolio of financial instruments, or an entire entitys balance sheet to changes in interest rates can be calculated. The resulting sensitivity is the amount of value at risk. See earnings at risk for an alternative measure of interest rate risk. VAR, sometimes called equity value at risk or EVAR, can be calculated by at least four different mathematical expresions. The simplest and least accurate measure of VAR is the difference between the calculated economic value of equity (EVE) under one projected rate scenario and the calculated EVE under a different projected rate scenario.

Financial Term EFC is See Expected Family Contribution.