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Mortgage pipeline |
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Mortgage pipelineThe period from the taking of applications from prospective mortgage borrowers to the marketing of the loans.Mortgage pipeline Similar MatchesRenegotiable Rate MortgageRenegotiable Rate MortgageA real property loan calling for an adjustment in the interest rate at a given time. Example: A loan with a 15 year amortization is adjusted to current interest rates after 2 years. The lender agrees to make the adjusted loan at the new rate as long as the old loan is not in default. The Federal Reserve Board allows the original loan to be treated either as a balloon payment loan or a variable rate loan. However, points must be figured into the A.P.R. based on the time or renegotiation (2 years rather than 15). Variable rate mortgageVariable rate mortgageA mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on Treasury securities in the US or base rate in the UK. MortgageeMortgageeA bank or other financial institution that lends money to the borrower. The borrower is considered the mortgagor. Balloon mortgageBalloon mortgageA mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal. Blanket mortgageBlanket mortgageA mortgage that covers more than one property owned by the same borrower. Further SuggestionsMortgage Companymortgage agreement in principle interest only mortgage Joint mortgage capped rate mortgage Index tracker mortgage endowment mortgage Mortgage duration Freddie Mac (Federal Home Loan Mortgage Corporation) Mortgage confirmation Tracker mortgages Self amortizing mortgage Collateralized mortgage obligation (CMO) flexible mortgage account Foreign currency mortgage Euro mortgage Insured Mortgage Federal Home Loan Mortgage Corporation (FHLMC) Adjustable Rate Mortgages (arms) General Mortgage Bond H Hard Money Mortgage Open End Mortgage biweekly mortgage loan First mortgage Wholesale mortgage banking |
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