|
|
GEM (growing equity mortgage) |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
GEM (growing equity mortgage)Mortgage in which annual increases in monthly payments are used to reduce outstanding principal and to shorten the term of the loan.GEM (growing equity mortgage) Similar MatchesGovernment National Mortgage Association (Ginnie Mae)Government National Mortgage Association (Ginnie Mae)A wholly owned U.S. government corporation within the Department of Housing & Urban Development. Ginnie Mae guarantees the timely payment of principal and interest on securities issued by approved servicers that are collateralized by FHA-issued, VA-guaranteed, or Farmers Home Administration (FmHA)-guaranteed mortgages. Collateralized mortgage obligation (CMO)Collateralized mortgage obligation (CMO)A security backed by a pool of pass-through rates , structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass-through securities are used to retire the bonds on a priority basis as specified in the prospectus. Related: mortgage pass-through security. Mortgage termMortgage termThe period over which the mortgage loan is to be repaid. Chattel MortgageChattel MortgageA loan agreement that grants to the lender a lien on property other than real estate. Chattel is personal or movable property. MortgageeMortgageeA company or institution such as a bank or building society which makes loans secured by property and the land on which it is built. Further SuggestionsOne hundred percent mortgageReverse annuity mortgages (RAM) Self amortizing mortgage Federal National Mortgage Association Mortgage arrears Delinquent mortgage Veterans Administration (VA) mortgage Federal National Mortgage Association Cooperative mortgages Blanket mortgage Purchase money mortgage first mortgage First mortgage mortgage life insurance Wraparound mortgage Mortgage broker Multifamily mortgage Mortgage cash surplus Flexible mortgage Mortgage application endowment mortgage Senior mortgage bond Mortgage duration mortgage backed security Assumable mortgage |
|
|
|