Fallout

(redirected from fallouts)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to fallouts: fallouts

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.

Fallout

Loan applications that are withdrawn by borrowers, because they have found a better deal or for other reasons.

References in periodicals archive ?
In Fallout Shelter, players take on the role of the manager of an underground nuclear vault and have to manage the needs of the residents who live in the community.
Players can use microtransactions to purchase additional in-game resources in the mobile version of Fallout Shelter, but it's unclear whether the system will carry over to the game's Xbox One port.
Fallout Shelter was originally released in the run-up to developer Bethesda's Fallout 4 's fall 2015 release date and is the first mobile title in the long-running post-apocalyptic franchise.