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hecm (reverse mortgage)

occupy the home. A lending institution such as a mortgage lender, bank, credit union or savings and loan association funds the FHA insured loan, commonly known as HECM. Source: U.S. Department of Housing and Urban Development

law review

law review often cap L&R : a periodical (as one published by a law school or bar association) containing notes and articles analyzing and evaluating subject areas and developments in the law

listing

party multiple listing : an agreement or arrangement under which real property is marketed through a service or association composed of several agents with a commission from the sale of a property shared between the selling agent

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opinion

issued by an authorized public official (as an attorney general) or a recognized body (as the American Bar Association) 3 a : the formal written expression by a court or judge of the reasons and principles of

participation

participation 1 : the action or state of taking part in something: as a : association with others in a relationship (as a partnership) or an enterprise usually on a formal basis with specified

protection

immunity from prosecution purchased by criminals through bribery b : money extorted by racketeers posing as a protective association 5 : coverage for loss provided by insurance

realtor

realtor a real estate agent or broker who is a member of the NATIONAL ASSOCIATION OF REALTORS, and its local and state associations. Source: U.S. Department of Housing and Urban Development

reciprocal exchange

reciprocal exchange : an unincorporated association in which members (as individuals, partnerships, trustees, or corporations) exchange contracts and pay premiums through an attorney-in-fact for

reverse mortgage (hecm)

occupy the home. A lending institution such as a mortgage lender, bank, credit union or savings and loan association funds the FHA insured loan, commonly known as HECM. Source: U.S. Department of Housing and Urban Development

service

(a loan) esp. after sale of the loan to a secondary mortgage market (as the Federal National Mortgage Association) compare originate

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