mortgage security
81Mortgage Rate Lock Float Down — A mortgage rate lock with the option to reduce the locked interest rate if market interest rates fall during the lock period. A rate lock with a float down option can provide the borrower with security against an increase during the rate lock… …
82mortgage pass-through — The simplest and oldest type of MBS. A pass through is a security that provides its owners with a pro rata claim to all of the cash flow generated from a pool of mortgage loans. American Banker Glossary …
83mortgage — [ mɔ:gɪdʒ] noun a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor s property, with the condition that the conveyance of title becomes void upon the payment of the debt.… …
84mortgage-backed securities — /ˌmɔ:gɪdʒ bækt sɪ kjυərɪtiz/ plural noun shares which are backed by the security of a mortgage …
85mortgage bond — / mɔ:gɪdʒ bɒnd/ noun a certificate showing that a mortgage exists and that property is security for it …
86mortgage warehousing — System under which mortgage company holds loans which would ordinarily be sold, in order to sell later at a lower discount. These mortgages are used as collateral security with a bank to borrow new money to loan …
87mortgage warehousing — System under which mortgage company holds loans which would ordinarily be sold, in order to sell later at a lower discount. These mortgages are used as collateral security with a bank to borrow new money to loan …
88mortgage deed — A deed given by way of security; a mortgage …
89mortgage — mort·gage || mÉ”rgɪdÊ’ / mÉ”Ë n. conditional conveyance of property as for security on a loan; pledging, lien v. sign over property to a creditor as security for money that is owed; obligate …
90mortgage-backed security — A security in which cash flows derive from an underlying pool of mortgages. They are very widely used in the USA …