Mortgage typesFor example, repayment or interest. Or fixed, capped, tracker, discount or stepped rate etc.
Residential mortgageResidential mortgage
Mortgage on a residential property, tax-deductible for individuals up to $1 million.
Mortgage Backed Securities Clearing Corporation (MBSCC)Mortgage Backed Securities Clearing Corporation (MBSCC)
"Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities market. The organization is a registered clearing agency with the Securities and Exchange Commission and majority-owned by its members -- MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major market participants active in various Government National Mortgage Association (GNMA), Fannie Mae(FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) MBS programs.
Lehman Brothers Mortgage Backed Securities IndexLehman Brothers Mortgage Backed Securities Index
A benchmark index that includes 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC), and Federal National Mortgage Association (FNMA).
Second MortgageSecond Mortgage
A mortgage which ranks after a first mortgage in priority. Properties may have two, three, or more Mortgages, deeds of trust, or land contracts, as liens at the same time. Legal priority would determine whether they are called a first, second, third, etc. lien.
Senior mortgage bondSenior mortgage bond
A mortgage bond which receives priority on the assets of a company over other bonds in the event of liquidation.
Further SuggestionsMortgage duration
Open end mortgage
Graduated Payment Mortgage
mortgage interest relief at source
mortgage interest deduction
Real Estate Mortgage Investment Conduit (REMIC)
Guaranteed Mortgage Certificates (GMC)
MIG Mortgage Indemnity Guarantee
shared appreciation mortgage
Gnma (government National Mortgage Association) Options
Stepped fixed rate mortgage
mortgage life insurance
Foreign currency mortgage
Reverse annuity mortgages (RAM)
All inclusive Trust Deed (wrap around mortgage)