hold a mortgage
31Real Estate Mortgage Investment Conduit - REMIC — A special purpose vehicle (SPV) that is used to pool mortgage loans and issue mortgage backed securities (MBS). Real estate mortgage investment conduits (REMIC) hold commercial and residential mortgages in trust, and issue interests in these… …
32Real Estate Mortgage Investment Conduit — ( REMIC) A pass through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass through certificates, bonds, or other legal forms. A financing… …
33Creative financing — is a term used widely amongst real estate investors to refer to non traditional means of real estate financing, or financing techniques not commonly used. The goal of creative financing is generally to purchase, or finance a property, with the… …
34Negative Points — A cash rebate paid by lenders to a mortgage broker or the borrower for a mortgage with an interest rate above the lender s par interest rate. When the rebate is paid to the mortgage broker, it is known as a yield spread premium, and is part of… …
35Federal takeover of Fannie Mae and Freddie Mac — Fannie Mae headquarters at 3900 Wisconsin Avenue, NW in Washington, D.C. The federal takeover of Fannie Mae and Freddie Mac refers to the placing into conservatorship of government sponsored enterprises Fannie Mae and Freddie Mac by the U.S.… …
36Cutts-Madison House — The west side of the Cutts Madison House on Madison Place NW General information Architectural style American colonial …
37Yield Spread Premium — A form of compensation that a mortgage broker, acting as the intermediary, receives from the original lender for selling an interest rate to a borrower that is above the lender s par rate for which the borrower qualifies. The yield spread premium …
38Buy-Up — Points paid by a lender to a borrower or mortgage broker for a loan with an above market interest rate. When the points are paid to the borrower, it is known as a rebate, and must be used to defray loan settlement costs. When the points are paid… …
39Penal Laws — • Treats of the penal legislation affecting Catholics in English speaking countries since the Reformation. Catholic Encyclopedia. Kevin Knight. 2006. Penal Laws Penal Laws …
40Waterloo, Ontario — Waterloo   City   King Street South in the heart of Uptown Waterloo …
