Business / Real Estate / Participation Mortgage: A mortgage loan wherein the lender has a partial equity interest in the property or receives a portion of the income from the property.
Business / Finance / Mortgager: The borrower of a loan secured by property. MORE
Business / Real Estate / Multiclass Mortgage Securities: Short- and long-term mortgage securities, with or without pass-through privileges. MORE
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
Business / Construction / Mortgagee: The lender who makes the mortgage loan. MORE
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
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