Mortgage backed security
Mortgage backed securityA security, backed by one or more mortgages.
Mortgage REITMortgage REIT
An REIT that invests in loans secured by real estate which derive income from REIT REIT and fees.
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.
Graduated Payment MortgageGraduated Payment Mortgage
A mortgage or deed or trust calling for increasingly higher payments over the term of the loan. This allows the buyer low beginning payments. The payments then increase as (theoretically) the buyer's earnings increase.
Federal National Mortgage AssociationFederal National Mortgage Association
(Fannie Mae): A tax paying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by VA as conventional home mortgages.
Shared appreciation mortgageShared appreciation mortgage
A mortgage in which a borrower pays a below normal rate of interest to the lender on the understanding that the latter shares a proportion of the appreciation of the property.
Mortgage Backed Securities Clearing Corporation (MBSCC)
biweekly mortgage loan
Federal National Mortgage Association
Shared Appreciation Mortgage (SAM)
Lifetime reverse mortgage
Senior mortgage bond
Mortgage application fee
Shared appreciation mortgage
Growing Equity Mortgage (gem)
GEM (growing equity mortgage)
Foreign currency mortgage
Strip mortgage participation certificate (strip PC)
interest only mortgage
Lehman Brothers Mortgage Backed Securities Index
Bi weekly mortgage loan
mortgage interest relief at source
Mortgage cash surplus
Secondary mortgage market
Purchase money mortgage