origination
/ə ˌrɪ dʒə ˈneɪ ʃən/
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Definition(s):
- (n) an event that is a beginning; a first part or stage of subsequent events
- (n) the act of starting something for the first time; introducing something new
Synonym(s)
Usage(s):
- Additionally, I suspect that rigorous oversight of the origination of mortgages will need to be maintained for the next 30 years or so.
- Other standard drivers of negative equitya higher than average share of subprime loans and higher average loan-to-value ratio at originationare also at play.
- Exceptions include origination fees, which may be as high as 2% of loan value, and servicing fees, generally around $30 or so a month.
Quotes
- John Thain, who took over after O'Neal's ouster, said in a conference call earlier this year that he would "emphasize to the origination going forward the importance of risk management."on Mar 5, 2008 By: John Thain Source: FOXNews
- "Let me respectfully restate that, in my judgment, the origination of subprime mortgages-as opposed to the rise in global demand for securitized subprime mortgage interests-was not a significant cause of the financial crisis," Greenspan said.on Apr 8, 2010 By: Alan Greenspan Source: Moneycontrol.com
- "All we're trying to do now is trying to inform folks that we have a fad now that does not have a very good origination," Siplin said.on Mar 13, 2008 By: Gary Siplin Source: Reuters UK
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