mortgage interest
111Mortgage Rate Lock Deposit — A fee that a lender charges a borrower that allows the borrower to lock in an interest rate for a certain time period with the expectation that the borrower s mortgage will fund within that time period. The longer the lock period, the larger the… …
112Mortgage Servicing Rights - MSR — A contractual agreement where the right, or rights, to service an existing mortgage are sold by the original lender to another party who specializes in the various functions of servicing mortgages. Common rights included are the right to collect… …
113Mortgage-Backed Security (MBS) — A type of asset backed security that is secured by a mortgage or collection of mortgages. These securities must also be grouped in one of the top two ratings as determined by a accredited credit rating agency, and usually pay periodic payments… …
114Interest rate derivative — An interest rate derivative is a derivative where the underlying asset is the right to pay or receive a (usually notional) amount of money at a given interest rate.The interest rate derivatives market is the largest derivatives market in the… …
115interest — Synonyms and related words: absolute interest, absorb, absorption, accent, accrued dividends, accumulated dividends, acquisitiveness, activities, activity, advantage, advocacy, aegis, affair, affairs, affect, affect the interest, agacerie,… …
116Mortgage GSE controversy — The controversy in relation to the United States mortgage government sponsored enterprises (GSEs) was triggered by accounting scandals, which urged the US government to consider tightening the control over them.The two largest housing GSEs of… …
117Mortgage bond — A mortgage bond is a bond backed by a pool of mortgages on a real estate asset such as a house. More generally, bonds which are secured by the pledge of specific assets are called mortgage bonds. Mortgage bonds can pay interest in either monthly …
118Mortgage Forbearance Agreement — An agreement made between a mortgage lender and delinquent borrower in which the lender agrees not to exercise its legal right to foreclose on a mortgage and the borrower agrees to a mortgage plan that will, over a certain time period, bring the… …
119Mortgage-Backed Revenue Bond — A type of municipal agreement that pays holders based on revenues generated from real estate. Financial institutions also typically offer these bonds at relatively low interest rates. Proceeds are used to provide funds to these institutions,… …
120mortgage bonds — A common type of secured corporate bond. The bond indenture for mortgage bonds, along with associated documents executed by the issuer, provides for the bondholders to have, through the trustee, an interest in real property collateral. For… …
