Mortgage pool


 

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Mortgage pool

A group of mortgages with similar class, interest rate, and maturity characteristics.



Mortgage pool

Similar Matches

Wholesale mortgage banking

Wholesale mortgage banking

The purchasing of loans originated by others, for the acquisition of the servicing rights.


Mortgage protection

Mortgage protection

Term assurance to cover the repayment of a mortgage in the event of the death of the mortgagor during the period of the loan.In the case of a repayment mortgage the capital sum outstanding is gradually reduced over the term of the loan (albeit slowly during the initial years when the majority of the repayments are paying the interest) so that decreasing term assurance would be incorporated in the policy. For an endowment mortgage where the sum assured and the death benefit are at least equal to the amount of the loan throughout the term of the loan, level term assurance would be apt.


Discounted rate mortgage

Discounted rate mortgage

A mortgage which guarantees the interest rate charged will remain a set number of percentage points below the lender's standard variable rate. The rate changes as base rate moves up and down, but the relationship between base rate and the rate you pay remains constant.


Second mortgage lending

Second mortgage lending

Loans secured by real estate previously pledged in a first mortgage.


Mortgage Broker

Mortgage Broker

One who, for a fee, brings together a borrower and lender, and handles the necessary applications for the borrower to obtain a loan against real property by giving a mortgage or deed of trust as security. Also called a loan broker.


Further Suggestions

H Hard Money Mortgage
Guaranteed Mortgage Certificates (GMC)
Mortgage code arbitration scheme
Flexible mortgage
Low start mortgage
interest only mortgage
Fixed term reverse mortgage
Tracker mortgages
Real Estate Mortgage Investment Conduit (REMIC)
General Mortgage Bond
Mortgage advance
Open End Mortgage
Full status mortgage
Mortgage term
senior mortgage bond
Closed end mortgage
GEM (growing equity mortgage)
First Mortgage
Shared appreciation mortgage
Mortgage incentives
Portable mortgage
endowment mortgage
MIG Mortgage Indemnity Guarantee
Government National Mortgage Association
Growing Equity Mortgage (gem)


 
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