Residential Mortgage

Business / Finance / Residential Mortgage: Mortgage on a residential property, tax-deductible for individuals up to $1 million.

Mortgage Banker

Business / Finance / Mortgage Banker: A company or individual that originates mortgage loans and sells them to investors, while taking care of borrowers' loan payments, records, taxes, and insurance. MORE

Open End Mortgage

Business / Debt / Open End Mortgage: A mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions, usually as to the assets of the mortgage. MORE

Open-End Mortgage

Business / Finance / Open-End Mortgage: Mortgage against which additional debts may be issued. Related: Closed-end mortgage. MORE

Mutual Mortgage Insurance

Business / Real Estate / Mutual Mortgage Insurance: Insurance premiums and other specified FHA revenues are paid into one of four FHA funds. Losses due to foreclosure are met from these funds. MORE

Multiclass Mortgage Securities

Business / Real Estate / Multiclass Mortgage Securities: Short- and long-term mortgage securities, with or without pass-through privileges. MORE

Mortgagees Title Insurance

Business / Real Estate / Mortgagees Title Insurance: An insurance policy protecting the lender for the amount of the loan in the event of a future title dispute. MORE

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