Results for: mortgage
English English
mortgagemtge.
A Congressionally chartered corporation that purchases residential mortgages in the secondary market from S&Ls, banks, and mortgage bankers and securities these mortgages for sale into the capital markets., government-backed mortgage providerFreddie Mac
A hybrid between a fixed-rate and adjustable rate mortgage, whereby the borrower has the option to match the current mortgage rate, which then becomes fixed for the rest of the term. This reduction is usually allowed if rates drop more than 2% in a year.Reduction-Option Loan (ROL)
A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or marg...Adjustable-rate mortgage
A term used to refer to a property which is owned by one party while a second party reserves the right to make a valid claim on that property e.g. a bank on a home mortgage.Encumbered
act of pawning, chess piece, deposit with a pawnbroker, hostage, manipulated person or thing, mortgage, hock; endanger, put at risk; gamble, wager, object deposited as security, pledge, mortgage; security; game piece (Chess); plaything, to stakepawn
additional mortgagesecond mortgage
adjustable rate mortgage, Adjustable-rate mortgageARM
An upper and lower limit on the interest rate on a floating-rate note (F.R.N.) or an adjustable rate mortgage (A.R.M.).Collar
An upper limit on the interest rate on a floating-rate note (F.R.N.) or an adjustable rate mortgage (A.R.M.) .Cap
being held as security, bind, deposit of property, drink to somebody, enroll student in a society, give something as security, pledgee, promise something, promise to join a university society, promise; obligation, undertaking; oath, vow; mortgage; toke...pledge
borrower in mortgage agreement, mortgager, one who mortgages propertymortgagor
change mortgage terms, mortgage again, pledge again, place again as security against a debt, mortgage something again, new mortgageremortgage
end a mortgage, hold exclusively, prevent, settle beforehand, shut out, take away the right of a mortgager to redeem his property; hinder; prevent; shut out, exclude; close or settle beforehandforeclose
Federal National Mortgage AssociationFNMA
 

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