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Mortgage Bonds |
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Mortgage BondsBonds issued by corporations, which offer first mortgages on real property of the corporation as security for the payment of the bonds.Mortgage Bonds Similar MatchesSecondary mortgage marketSecondary mortgage marketBuying and selling existing mortgage loans, which are often pooled and traded as mortgage-backed securities. First mortgageFirst mortgageThe original loan taken out to purchase a home. Adjustable rate mortgage (ARM)Adjustable rate mortgage (ARM)A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually subject to per-interval and to life-of-loan interest rate and/or payment rate caps. Secondary Mortgage MarketSecondary Mortgage MarketThe buying and selling of first mortgages of trust deeds by banks, insurance companies, government agencies, and other mortgagees. This enables lenders to keep an adequate supply of money for new loans. The mortgages may be sold at full value (par) or above, but are usually sold at discount. The secondary mortgage market should not be confused with second mortgage. Multifamily mortgageMultifamily mortgageA mortgage on a multifamily dwelling with more than four families, typically an apartment building. Further SuggestionsMortgage termMortgage Company endowment mortgage Mortgage advance mortgage life insurance fixed rate mortgage Mortgage Government insured mortgage Purchase money mortgage Growing Equity Mortgage (gem) Lehman Brothers Adjustable Rate Mortgage Index GEM (growing equity mortgage) MIG Mortgage Indemnity Guarantee Cooperative mortgages Mortgage application Adjustable Rate Mortgages (arms) Reverse annuity mortgages (RAM) reverse mortgage Strip mortgage participation certificate (strip PC) Reverse mortgage H Hard Money Mortgage Buy down mortgage Private Mortgage Insurance Shared Appreciation Mortgage (SAM) Blanket Mortgage |
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