|
|
Mortgage pipeline |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Mortgage pipelineThe period from the taking of applications from prospective mortgage borrowers to the marketing of the loans.Mortgage pipeline Similar MatchesRemortgageRemortgageThe process of switching your mortgage loan from one lender to another without necessarily moving house. Federal National Mortgage AssociationFederal National Mortgage AssociationIn the US, a government-backed corporation which purchases mortgages from lenders and resells them to investors. It is financed by the issue of debt securities. Equity shares, known as Fannie Maes, are traded on the New York Stock Exchange. Full status mortgageFull status mortgageA full status mortgage is for people who wish to make a lender aware of any previous arrears or debt problems they may have had. If they do not make the lender aware of these facts and they are latetr discovered, his could lead to all sorts of problems and the borrower could even be forced to sell the home. If you have a bad credit record some lenders will regard lending you money a high-risk activity. Many will not lend you money at all and when you can get a loan, you will undoubtedly have to pay a higher rate of interest than you would otherwise. Base rate tracker mortgageBase rate tracker mortgageA mortgage in which the rate of interest paid by the borrower follows movements in the base rate. Second mortgageSecond mortgageThe taking out of a mortgage on a property which is already mortgaged. This can be used to raise capital if the property has significantly increased in value and would involve finance companies rather than banks or building societies. Since the first mortgagee (lender) usually holds the deeds of the property, the second mortgagee will carry a higher risk and thus charges a considerably higher rate of interest. Further SuggestionsMortgage lienLow start mortgage Wholesale mortgage banking Mortgage Company reverse annuity mortgage Equitable Mortgage Mortgage Life Insurance Conventional mortgage First mortgage Mortgage advance interest only mortgage Government insured mortgage Repayment mortgage Mortgage pipeline risk Closed end mortgage Stepped discount mortgage Mortgage servicing discounted rate mortgage graduated payment mortgage Mortgage code arbitration scheme reverse mortgage Assumable mortgage Non status mortgage Mortgage Banker Real Estate Mortgage Investment Conduit (REMIC) |
|
|
|