Council of Mortgage Lenders


 

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Council of Mortgage Lenders

An 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 Matches

Mortgage pipeline

Mortgage pipeline

The period from the taking of applications from prospective mortgage borrowers to the marketing of the loans.


Mortgage application

Mortgage application

Forms used to assess whether you meet the lender's underwriting criteria. These criteria are set to ensure that barring any unforeseeable change in circumstances, you will be able to support the mortgage and meet the repayments. Questions relate to such things as income & status, equity, personal details, credit history etc.


Base rate tracker mortgage

Base rate tracker mortgage

A mortgage in which the rate of interest paid by the borrower follows movements in the base rate.


Open end mortgage

Open end mortgage

Mortgage against which additional debts may be issued. Related: Closed-end mortgage.


Biweekly mortgage loan

Biweekly mortgage loan

A mortgage whereby the borrower makes a half monthly payment every two weeks instead of the usual 12 monthly payments. This arrangement results in 26 half monthly payments per year and a significant reduction in interest since an extra monthly payment is made.


Further Suggestions

Fixed term reverse mortgage
adjustable rate mortgage
Tracker mortgages
Cooperative mortgages
senior mortgage bond
Shared appreciation mortgage
mortgage interest deduction
Repayment mortgage
Collateralized mortgage obligation (CMO)
Variable rate mortgages
GEM (growing equity mortgage)
Mortgage Backed Securities Clearing Corporation (MBSCC)
Federal Agricultural Mortgage Corporation (Farmer Mac)
Mortgage incentives
Private Mortgage Insurance
Mortgage Banker
Stepped discount mortgage
discounted rate mortgage
Foreign currency mortgage
Mortgage Servicing
Government National Mortgage Association
mortgage backed security
mortgagee
Stripped mortgage backed securities (SMBS)
Mortgage pipeline risk


 
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