Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• MORTGAGE OFFSET ACCOUNT - A savings account run in conjunction with a home loan. The interest earned on...
  
  
• MORTGAGE ORIGINATION - the making of a new mortgage, including all steps taken by a lender to attract a...
  
  
• MORTGAGE ORIGINATOR - Originators initiate or generate mortgage applications for the mortgage trust. Pu...
  
  
• MORTGAGE PARTICIPATION - the division of a mortgage or pool of mortgages into units that are sold to on...
  
  
• MORTGAGE PASS-THROUGH - The simplest and oldest type of MBS. A pass-through is a security that provides...
  
  
• MORTGAGE PASS-THROUGH SECURITY - Also called a passthrough, a security created when one or more mortgag...
  
  
• MORTGAGE PAYMENT - The monthly payment of interest and principal made by the borrower. The formula used...
  
  
• MORTGAGE PIPELINE - The period from the taking of applications from prospective mortgage borrowers to t...
  
  
• MORTGAGE POOL - a group of mortgages assembled to form the collateral for securities. Mortgage payments...
  
  
• MORTGAGE PORTFOLIO - The aggregate of mortgage loans held by an investor, or serviced by a mortgage ban...