|
|
Mortgage pipeline risk |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Mortgage 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.Mortgage pipeline risk Similar MatchesFederal Home Loan Mortgage Corporation (FHLMC)Federal Home Loan Mortgage Corporation (FHLMC)See: Freddie Mac Government insured mortgageGovernment insured mortgageLoans in which the government promises to make good on the insured portion, should the borrow default on the loan. Generally, government loans do not require large down payments. They do, however, have strict eligibility requirements. Growing Equity Mortgage (gem)Growing Equity Mortgage (gem)A fixed rate, graduated payment loan allowing low beginning payments and a shorter term because of higher payments as the loan progress. Based on the theory of increasing income by the buyer and, therefore. ability to make higher future payments. When state law applies, usury laws in some states may not presently allow such loans when less than interest only payments create interest on interest. Guarantee mortgageGuarantee mortgageA loan guaranteed by a third party, such as a government institution. Open end mortgageOpen end mortgageMortgage against which additional debts may be issued. Related: Closed-end mortgage. Further SuggestionsFirst mortgageMortgage servicing Senior mortgage bond adjustable rate mortgage Mortgage REIT fixed rate mortgage Package mortgage Mortgage pool Shared Appreciation Mortgage (SAM) Second Mortgage mortgage backed security Self certification mortgage Stripped mortgage backed securities (SMBS) Mortgage cash surplus Mortgage Bonds Equity linked mortgage endowment mortgage Purchase money mortgage Biweekly mortgage Growing Equity Mortgage (GEM) commercial mortgage MIG Mortgage Indemnity Guarantee H Hard Money Mortgage Index tracker mortgage Mortgage Backed Securities Clearing Corporation (MBSCC) |
|
|
|