Mortgage pool


 

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Mortgage pool

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



Mortgage pool

Similar Matches

First mortgage

First mortgage

The original loan taken out to purchase a home.


Government National Mortgage Association

Government National Mortgage Association

In the US, a government-owned corporation which guarantees payment of interest and principal of mortgage-backed pass through securities. The corporation is nicknamed Ginnie Mae.


Consolidated mortgage bond

Consolidated mortgage bond

A bond that covers several units of property, sometimes refinancing mortgages on the properties.


Base rate tracker mortgage

Base rate tracker mortgage

A mortgage in which the rate of interest paid by the borrower follows movements in the base rate.


Non status mortgage

Non status mortgage

Mainly for people whose income is difficult to assess using the standard method adopted by most conventional mortgage lenders. Bonuses, commission and seasonal work can cause income to vary over time or be difficult to guarantee and this may not be considered acceptable in order to get a loan. The main groups of people that opt for self-certification mortgages are: self-employed and unsalaried company directors, contract workers (increasingly common in technology-based industries), commission-based workers (often in sales, recruitment etc.), people with seasonal earnings. The interest rate you are charged will be higher to compensate the lender for the increased risk.


Further Suggestions

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Bi weekly mortgage loan
mortgagee
capped rate mortgage
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Standing mortgage
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mortgage
Growing Equity Mortgage (gem)
Interest only mortgages
Federal National Mortgage Association
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senior mortgage bond
Stepped fixed rate mortgage
First Mortgage
Blanket Mortgage
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Delinquent mortgage
Lehman Brothers Mortgage Backed Securities Index
Secondary Mortgage Market
Strip mortgage participation certificate (strip PC)
Mortgagee


 
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