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Community: Investing Wiki

Term Of The Hour

calculating aggregate adjustment: Original post by Lisa Bigelow of Demand Media The aggregate adjustment is a mathematical process that lenders use to determine how much must be deposited in escrow by the borrower. In 1997, the Department of Housing and Urban Development outlined rules that prohibit lenders from collecting more than two months' cushion in escrow; however, depending on when property taxes and hazard insurance is…

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