Growing-Equity Mortgage (GEM)

Business / Real Estate / Growing-Equity Mortgage (GEM): A loan in which the monthly payments increase annually, with the increased amount being used to reduce directly the principal balance outstanding and thus shorten the overall term of the loan.

Mortgagee

Business / Construction / Mortgagee: The lender who makes the mortgage loan. 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

Mortgage-Backed Security (MBS)

Business / Real Estate / Mortgage-Backed Security (MBS): A security guaranteed by pools of mortgages and used to channel funds from securities markets to housing markets. Ginnie Mae has a popular MBS program recognized for its low risk and high yield. The G MORE

Mortgage-Backed Security

Business / Taxes / Mortgage-Backed Security: Mortgage-backed securities are created when the sponsor buys up mortgages from lenders, pools them, and packages them for sale to the public, a process known as securitization. The securities are avai MORE

Mortgage-Backed Securities (MBS)

Business / Finance / Mortgage-Backed Securities (MBS): Investment instruments backed by a pool of mortgage loans. MORE

Mortgage-Backed Securities Clearing Corporation (MBSCC)

Business / Finance / Mortgage-Backed Securities Clearing Corporation (MBSCC): A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency-guaranteed MBS transacted for forward delivery. MORE

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