mortgage
121Mortgage bank — A Mortgage bank specializes in originating and/or servicing mortgage loans. A mortgage bank is a state licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that …
122Mortgage industry of the United Kingdom — The Mortgage industry of the United Kingdom has traditionally been dominated by building societies, but from the 1970s the share of the new mortgage loans market held by building societies has declined substantially. Between 1977 and 1987, the… …
123Mortgage Bankers Association — The Mortgage Bankers Association (MBA) is the United States national association representing all facets of the real estate finance industry. Headquartered in Washington, DC, MBA represents over 3,000 member companies nationwide in an industry… …
124Mortgage servicer — A mortgage servicer is the company that borrowers pay their mortgage loan payments to. Mortgage servicers either purchase or retain mortgage servicing rights that allow them to collect payments from borrowers in return for a servicing fee. The… …
125Mortgage Banker — A company, individual or institution that originates mortgages. Mortgage bankers use their own funds, or funds borrowed from a warehouse lender, to fund mortgages. After a mortgage is originated, a mortgage banker might retain the mortgage in… …
126Mortgage planner — A mortgage planner is a mortgage professional who provides a consultation to their client that is in alignment with their long and short term financial goals. The Mortgage Planner can also perform the duties of a loan officer, such as originating …
127Mortgage Law — Types of mortgage Under the Law of Property Act (1925), which governs mortgage regulations in the UK, there are two types of mortgage, legal and equitable. A legal mortgage confers a legal estate on the mortgagee (lender). Under the 1925 Act, the …
128Mortgage Investment Corporation — A Mortgage Investment Corporation or MIC is an investment and lending company designed specifically for mortgage lending (primarily residential mortgage lending) in Canada. Owning shares in a Mortgage Investment Corporation (MIC) enables you to… …
