The St. James Encyclopedia of Mortgage & Real Estate Finance |
Common terms and phrases
adjustable rate mortgage agency agent agreement approved assets balance banks bonds borrower buydown buyer CERTIFICATE charge clause closing costs commitment condominium construction contract Corporation debt deed discount documents equity escrow estimate example Fannie Mae Federal FHA loans FHLMC financing fixed rate foreclosure Freddie Mac funds gage Ginnie Mae GNMA guaranty hazard insurance Home Loan Housing income institutions interest rate investment investor issuer lease lender liability lien loan amount loan application LOAN ORIGINATION ment monthly payment mort mortgage insurance mortgage loan mortgage-backed securities mortgagor negative amortization option owner ownership paid party person pool premium prepayment principal purchase ratio real estate rent residential Resolution Trust Corporation sales price savings second mortgage secondary market Section sell seller settlement subject property tenant term tion title insurance Total underwriting VA loan veteran VMP MORTGAGE FORMS yield