|
|
Closed end mortgage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Closed end mortgageMortgage against which no additional debt may be issued.Closed end mortgage Similar MatchesCouncil of Mortgage LendersCouncil of Mortgage LendersAn institution that sets out code a code of good practice which mortgage lenders volunteer to stick to - they are not regulated by the government. Federal National Mortgage Association (FannieMae)Federal National Mortgage Association (FannieMae)A publicly owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some nongovernment-backed mortgages. Fixed rate mortgageFixed rate mortgageA type of mortgage where interest repayments to the lender are fixed until maturity or for a specified term. Reverse annuity mortgageReverse annuity mortgageA mortgage that permits elderly people who own their home outright to receive an income for life in return for gradually relinquishing ownership in the property. Biweekly mortgageBiweekly mortgageA mortgage that requires payments every two weeks and helps repay the loan over a shorter term. Further SuggestionsRenegotiable Rate MortgageCooperative mortgages Direct Reduction Mortgage Interest only mortgages Variable rate mortgages Veterans Administration (VA) mortgage mortgagee Mortgage payment protection insurance (MPPI) Residential mortgage Lehman Brothers Adjustable Rate Mortgage Index Pension mortgage graduated payment mortgage Junior mortgage Delinquent mortgage Mortgage servicing Mortgage Life Insurance Package mortgage Mortgage Self certification mortgage Alternative mortgage instruments Blanket Mortgage senior mortgage bond Freddie Mac (Federal Home Loan Mortgage Corporation) General Mortgage Bond Lehman Brothers Mortgage Backed Securities Index |
|
|
|