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mortgage insurance
Housing Administration (FHA) or through companies (Private Mortgage Insurance or PMI). Source: U.S. Department of Housing and Urban Development
mortgage insurance premium (mip)
the mortgage payment - paid by a borrower for mortgage insurance. Source: U.S. Department of Housing and Urban Development
mortgage life and disability insurance
coverage determining amounts of payments and when payments begin and end. Source: U.S. Department of Housing and Urban Development
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mental disease
: mental illness NOTE: Mental disease and mental illness are in general use synonymous, but mental disease has developed a settled meaning in criminal law while mental illness is often explained or defined by reference to the
mortgage modification
term of the mortgage loan and thus reduce the monthly payments. Source: U.S. Department of Housing and Urban Development
mortgage note
that is recorded in the public records along with the deed. Source: U.S. Department of Housing and Urban Development
mortgage qualifying ratio
be able to afford. A typical mortgage qualifying ratio is 28 Source: U.S. Department of Housing and Urban Development
mortgage score
the borrower's ability to repay a mortgage loan and manage credit. Source: U.S. Department of Housing and Urban Development
mortgage-backed security (mbs)
mortgage loans are grouped and paid out to the MBS holders. Source: U.S. Department of Housing and Urban Development
multifamily housing
multifamily housing a building with more than four residential rental units. Source: U.S. Department of Housing and Urban Development
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