Terms with Tag Mortgage
- Mortgage-Backed Obligation (MBO) — Acronym,
- Mortgage-Backed Securities — Definition, Important,
- Securities backed by mortgage debt.
- Mortgage-Backed Security (MBS) — Acronym, Very Important,
- Securities backed by mortgage debt.
- Mortgagee — Definition, Important,
- The lender in a mortgage transaction.
- Mortgagor — Definition,
- The borrower in a mortgage transaction.
- Motor City Community Credit Union (MCCCU) — Company Est. 1938, Windsor, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Mount Lehman Credit Union — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Mountain View Credit Union (MVCU) — Company Est. 1977, Alberta, Canada, ➥ Formed by the merger of Cremona Credit Union operating since 1943, Olds Credit Union (1957), Sundre Credit Union (1959) and Didsbury Credit Union (1961). A Canadian NHA approved mortgage lender that offers all lending types.
- Muenster Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Multiple Retirement Services (MRS) — Acronym, Canada, ➥ M.R.S. Trust and MRS Companies have been acquired by Laurentian Bank of Canada.
- Mutual Mortgage Insurance (MMI) — Acronym,
- National Broker Council (NBC) — Acronym, Important, ➥ A VERICO governing network.
- National Reverse Mortgage Lenders Association (NRMLA) — Company, United States, ➥ A US mortgage term.
- Nelson & District Credit Union (NDCU) — Company Est. 1950, Nelson, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- New Brunswick Teachers' Association Credit Union (NBTACU, NBTA) — Company Est. 1971, Nova Scotia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- New Community Savings & Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- New Glasgow Credit Union — Company, Nova Scotia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- New Ross Credit Union — Company, Nova Scotia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- New Waterford Credit Union — Company, Nova Scotia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Newfoundland & Labrador Credit Union (NLCU) — Company, Newfoundland and Labrador, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Niverville Credit Union — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- No Credit History — Definition,
- To have no record of an individual's credit worthiness.
- No Money Down Mortgage — Definition, Important,
- Available in Canada as a true 100% mortgage financing product.
- No Points, No Closing Costs (NPNC) — Acronym,
- No-documentation Loan — Definition,
- A mortgage in which the applicant provides a minimum of information -- name, address, Social Insurance number (so credit reports can be pulled), and contact information for an employer, if there is one. The underwriter decides on the loan based on the applicant's credit history, the appraised value of the house and size of down payment.
- Non-assumption Clause — Definition,
- A provision of a home loan that prohibits the transfer of the mortgage to another borrower without the lender's permission.
- Non-Bank Lender (NBL) — Acronym,
- Non-owner Occupant — Definition,
- A borrower who purchases a property for investment or rental purposes and will not occupy the property.
- Non-Performing (NP) — Acronym, ➥ As in a note or mortgage loan.
- Non-Performing Loan (NPL) — Acronym,
- A mortgage loan that is in default or where the debtor is delinquent in making payments.
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Mortgage-Backed Obligation -
