Developer - Law Dictionary Search Results
land use
land use Generic term used to describe activities such as zoning and/or the control of real estate developments. Land-use planning laws are implemented by local zoning and ordinances. Source: FindLaw
lender
estate purchases. Sometimes referred to as a loan officer or lender. Source: U.S. Department of Housing and Urban Development
late payment charges
a mortgage payment is made after the due date grace period. Source: U.S. Department of Housing and Urban Development
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mortgage interest deduction
- deductible expense. The interest reduces the taxable income of taxpayers. Source: U.S. Department of Housing and Urban Development
mitigation
a home; for instance, to reduce the average level of radon. Source: U.S. Department of Housing and Urban Development
modification
to modify the terms of a mortgage without refinancing the loan. Source: U.S. Department of Housing and Urban Development
monopoly
particular market that is marked by the power to control prices and exclude competition and that esp. is developed willfully rather than as the result of superior products or skill see also antitrust Sherman Antitrust Act in
mortgage acceleration clause
loan is refinanced or the borrower defaults on a scheduled payment. Source: U.S. Department of Housing and Urban Development
mortgage banker
them to secondary mortgage lenders like Fannie Mae or Freddie Mac. Source: U.S. Department of Housing and Urban Development
mortgage broker
firm that originates and processes loans for a number of lenders. Source: U.S. Department of Housing and Urban Development
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