Additional hedge

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Additional hedge

A protection against fallout risk in the mortgage pipeline.

Additional Hedge

A way for a mortgage lender to protect itself from the risk that a potential borrower will reject a loan after the terms are set but before the deal is finalized. Such a rejection could result in a loss for the lender, particularly if it has already made arrangements to repackage and sell the mortgage to a third party. An additional hedge protects against this. See also: Fallout Risk.
References in periodicals archive ?
Volunteers are needed at Blakers Park, off Preston Drove, to help lay additional hedges around the perimeter of the popular green space.
6 percent after its third-quarter profit missed expectations due to spending on additional hedges.
Additional hedges should be considered in light of the opportunities that may surface relative to new short-term risks or that may exist in the future.
Rather than try to estimate the top of a market, our strategy is to execute additional hedges as prices rise and to leave open a significant portion of our projected production book.
Additional hedges to reach those levels must be entered into within fifteen days after close on this new Second Lien Credit Agreement.
Natural Gas Hedging Update: Taking advantage of recent moves in natural gas futures, Newfield has added additional hedges since its last update in early August.
Once the additional hedges are in place, the full $100 million will be available.
Natural Gas Hedging Update: Taking advantage of the recent moves in natural gas futures, Newfield has added additional hedges since the Company's last update on July 25.
Additional Hedges Acquired for 2010 and 2011 Portfolio
Today's decision will enable PG&E to procure additional hedges against high prices in the coming winter and in subsequent winters.
Herschmann added, "We are happy to have entered into additional hedges for both 2009 and 2010.
We plan to continue our disciplined approach of layering in additional hedges throughout the year.
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