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Mortgage backed security |
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Mortgage backed securityA security, backed by one or more mortgages.Similar MatchesMortgage REITMortgage REITAn 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 MortgageA 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 mortgageA 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. Further SuggestionsMortgageeMortgage incentives Mortgage Backed Securities Clearing Corporation (MBSCC) biweekly mortgage loan Federal National Mortgage Association Flexible mortgage Wraparound mortgage 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 Package mortgage Strip mortgage participation certificate (strip PC) Mortgage term 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 |
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