Mortgageable - Law Dictionary Search Results
reverse mortgage (hecm)
reverse mortgage (hecm) the reverse mortgage is used by senior homeowners age 62 and older to convert the equity in
Mortgage by conditional sale and sale with a condition of repurchase
Mortgage by conditional sale and sale with a condition of repurchase, there is a clear legal distinction between the
standard mortgage clause
standard mortgage clause : a mortgage clause that is usually considered to form a separate contract between the insurer and
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secondary mortgage market
secondary mortgage market the buying and selling of mortgage loans. Investors purchase residential mortgages originated by lenders, which in turn
open mortgage clause
open mortgage clause : a mortgage clause which provides that payments go first to the mortgagee to the extent of
mortgage insurance premium (mip)
mortgage insurance premium (mip) a monthly payment -usually part of the mortgage payment - paid by a borrower for
mortgage clause
mortgage clause : a clause in an insurance contract (as for fire insurance) that entitles a named mortgagee to
hecm (reverse mortgage)
hecm (reverse mortgage) the reverse mortgage is used by senior homeowners age 62 and older to convert the equity in their
mortgage-backed security (mbs)
mortgage-backed security (mbs) a Fannie Mae security that represents an undivided interest in a group of mortgages. Principal and
mortgage modification
mortgage modification a loss mitigation option that allows a borrower to refinance and/or extend the term of the mortgage
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