originating mortgage loans without a firm commitment from a secondary market investor. If interest rates are stable, a lender may hold these loans in his own portfolio or try to place them with a buyer at a later date. In the securities industry, buying securities for investment or speculation, with no immediate plans of reselling.
purchasing a stock, bond, or commodity for investment or speculation. Such a security purchase is known as a long position, Conversely, when an investor sells a security he does not own, he creates a short position.
purchasing a stock, bond, or commodity for investment or speculation. Such a security purchase is known as a long position. The opposite of going long is going short, when an investor sells a security he does not own and thereby creates a short position.
