hold a mortgage
21Real Estate Mortgage Investment Conduit — Real Estate Mortgage Investment Conduits, or REMICs, are a type of special purpose vehicle used for the pooling of mortgage loans and issuance of mortgage backed securities. They are defined under the United States Internal Revenue Code (Tax… …
22Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …
23Commercial mortgage — Finance Financial markets Bond market …
24Continuous-repayment mortgage — Analogous to continuous compounding, a continuous annuity[1][2] is an ordinary annuity in which the payment interval is narrowed indefinitely. A (theoretical) continuous repayment mortgage is a mortgage loan paid by means of a continuous annuity …
25Commercial mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …
26National Mortgage Crisis of the 1930s — The National Mortgage Crisis of the 1930s was a Depression era crisis in the United States characterized by high default rates and soaring loan to value ratios in the residential housing market. Rapid expansion in the residential non farm housing …
27Residential mortgage-backed security — Residential mortgage backed securities (RMBS) are a type of bond commonly issued in American security markets. They are a type of Mortgage backed security which are backed by mortgages on residential rather than commercial real estate. Industry… …
28To hold in pledge — Pledge Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf.… …
29Subprime mortgage crisis - other economic effects — This article is a subordinate article to the subprime mortgage crisis. It covers some of the miscellaneous effects of the crisis in more detail, to preserve the flow of the main page. Decline in commercial real estate marketA combination of… …
30Bi-weekly Mortgage — A mortgage payment plan where payments are made every two weeks, as opposed to the more traditional monthly payment plan. Making mortgage payments every two weeks, as opposed to monthly, will result in the equivalent of one additional monthly… …
