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Related to Fallout: Nuclear fallout

Fallout Risk

In mortgages, the risk that a potential borrower (that is, a property buyer) will withdraw from the deal before it is finalized. Banking regulation requires that banks offering a given interest rate hold that rate for 60 days, during which the potential borrower is under no obligation to actually take out the mortgage loan. During that time, the bank usually makes preparations to sell the mortgage as a mortgage-backed security or as some other investment vehicle. If the potential borrower withdraws during those 60 days, the bank is exposed to the risk that it will lose out on the return it could have made from the MBS or other investment vehicle. Fallout risk is also called borrower fallout.


Loan applications that are withdrawn by borrowers, because they have found a better deal or for other reasons.

References in periodicals archive ?
Fallout 3 features one of the most realized game worlds ever created.
On reaching the nearby town of Megaton, you begin to see just why Fallout 3 is being hailed as one of the greatest role-players of all time.
Adelaide in South Australia was plastered with radioactive fallout from 11 to 16 October, 1956,' van Steenis said.
Aoyama and his team analyzed data from 1970 on the atmosphere, soil and seawater of about 30 countries and concluded that the amount of fallout totaled about 700 petabecquerels -- about 1.
But scientists at the National Radiological Protection Board believe the level of fallout on Wirral would not have been high enough to stop the growth of mushrooms.
Here again are those eerie photos of nattily dressed suburban families posing in model fallout shelters; the ineffable Herman Kahn thinking about the unthinkable; Bert the Turtle of "Duck and Cover" fame; the "Operation Alert" drills designed to spirit top federal officials out of Washington to secure locations; the impassioned debate over the morality of shooting one's neighbor at the shelter door, and much else.
Any person living in the contiguous United States since 1951 has been exposed to radioactive fallout, and all organs and tissues of the body have received some radiation exposure," said the Centers for Disease Control and Prevention and the National Cancer Institute in a report prepared recently for Congress.
became the first European reinsurer to be driven out of business by the fallout from the Sept.
ONE NATION UNDERGROUND: The Fallout Shelter in American Culture by Kenneth D.
The board's action also had significant political fallout.
Financial handicappers also believe that governments did a "fair job" of managing their economies to avoid negative fallout after the financial crisis in Asia in July 1997, but they still see dark clouds over the economies of Asia and Latin America-especially Brazil.
For decades this would have severe implications for workers in the nuclear-power and nuclear-weapons industries, for residents of communities adjoining those installations, for soldiers and civilians subjected to dangerous fallout from nuclear tests.