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Council of Mortgage Lenders |
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Council 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.Council of Mortgage Lenders Similar MatchesAdjustable rate mortgage (ARM)Adjustable rate mortgage (ARM)A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually subject to per-interval and to life-of-loan interest rate and/or payment rate caps. Senior mortgage bondSenior mortgage bondA bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid. Secondary mortgage marketSecondary mortgage marketBuying and selling existing mortgage loans, which are often pooled and traded as mortgage-backed securities. Mortgage debtMortgage debtThe amount outstanding on your mortgage. Commercial mortgageCommercial mortgageA mortgage on a non residential building occupied by a business. Further SuggestionsMortgage ServicingClosed end mortgage first mortgage Multifamily mortgage Mortgage types Mortgage Banker Reverse mortgage Consolidated mortgage bond Mortgage REIT Fixed term reverse mortgage adjustable rate mortgage General Mortgage Bond Assumable mortgage Remortgage Open end mortgage mortgage indemnity Alternative mortgage instruments Gnma (government National Mortgage Association) Options Mortgage interest deduction Federal Agricultural Mortgage Corporation (Farmer Mac) Mortgage broker H Hard Money Mortgage Federal Home Loan Mortgage Corporation (FHLMC) Strip mortgage participation certificate (strip PC) Graduated Payment Mortgage |
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