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General Mortgage Bond |
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General Mortgage BondIn the US, this refers to a bond that is secured by a blanket mortgage on the issuing company's property, though it may be outranked by one or more other mortgages.Similar MatchesMortgage pipeline riskMortgage pipeline riskThe risk associated with taking applications from prospective mortgage borrowers who may opt to decline to accept a quoted mortgage rate within a certain grace period. Variable rate mortgagesVariable rate mortgagesAs you would expect from the name, variable mortgage rates go up and down and generally don't stay at the same level for too long. This is because the interest rate and subsequent level of repayment varies with the lender's interest rate. This is usually derived from Bank of England base rate or some other index. One such index is the banks' base rate - an average of the rates of several leading lenders. Mortgage BrokerMortgage BrokerOne who, for a fee, brings together a borrower and lender, and handles the necessary applications for the borrower to obtain a loan against real property by giving a mortgage or deed of trust as security. Also called a loan broker. Wholesale mortgage bankingWholesale mortgage bankingThe purchasing of loans originated by others, for the acquisition of the servicing rights. Purchase money mortgagePurchase money mortgageA mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the purchase of property. Further SuggestionsCollateralized mortgage obligation (CMO)Lifetime reverse mortgage Federal National Mortgage Association variable rate mortgage mortgage interest deduction Mortgage pipeline Biweekly mortgage Cap & collar mortgage Take back mortgage Mortgage interest deduction Stripped mortgage backed securities (SMBS) pension mortgage Adjustable Rate Mortgages (arms) Mortgage payment protection insurance (MPPI) Federal National Mortgage Association Reverse annuity mortgages (RAM) Standing mortgage Mortgage term Mortgage types Commercial Mortgage Backed Securities Reverse mortgage Index tracker mortgage mortgage life insurance Federal National Mortgage Association (FannieMae) One hundred percent mortgage |
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