|
|
Blanket Mortgage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Blanket MortgageA mortgage that covers at least two pieces of real estate as collateral for the same mortgage.Blanket mortgageA mortgage that covers more than one property owned by the same borrower.Blanket Mortgage(1) A mortgage covering more than one property of the mortgagor, such as a mortgage covering all the lots of a builder in a subdivision. (2) A mortgage covering all real property of the mortgagor, both present and future. When used in this meaning it is also called a "general mortgage".Blanket Mortgage Similar MatchesBalloon mortgageBalloon mortgageA mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal. 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. Lehman Brothers Mortgage Backed Securities IndexLehman Brothers Mortgage Backed Securities IndexA benchmark index that includes 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC), and Federal National Mortgage Association (FNMA). Government National Mortgage AssociationGovernment National Mortgage AssociationIn the US, a government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. The corporation is nicknamed Ginnie Mae. Tracker mortgagesTracker mortgagesThey are usually linked to the Bank of England base rate, in that you pay a set margin above the current base rate level. Unlike many of the other types of rate, most tracker rates will not revert to the SVR at any point during the life of the loan. They will continue to track the base rate until you have either paid off your mortgage or switch provider or product. You can also get tracker mortgages that have discounts and stepped discounts built into them. Further SuggestionsShared appreciation mortgageMortgage application fee Cap & collar mortgage Mortgagee reverse mortgage Senior mortgage bond Alternative mortgage instruments Mortgage broker Federal Agricultural Mortgage Corporation (Farmer Mac) Chattel Mortgage Reverse annuity mortgages (RAM) Government National Mortgage Association (Ginnie Mae) Euro mortgage Joint mortgage Insured Mortgage Mortgage Mortgage pipeline risk Reverse mortgage Consolidated mortgage bond Mortgage Life Insurance Mortgage Cashback mortgages Cooperative mortgages Mortgage Servicing H Hard Money Mortgage |
|
|
|