Related Words

Freddie Mac (Federal Home Loan Mortgage Corporation): The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS.

Multicurrency Loans: Give the borrower the flexibility of drawing a loan in different currencies.

Multiclass Mortgage Securities: Short- and long-term mortgage securities, with or without pass-through privileges.

Mortgager: The borrower of a loan secured by property.

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

Multi-Lender Rule Loans: Loans involving 10 or fewer investors regulated by the Corporation Commissioner.

Multifamily Loans: Loans usually represented by conventional mortgages on multifamily rental apartments.

Non-Conforming Loan: A mortgage loan that does not meet Fannie Mae and Freddie Mac underwriting guidelines. Non-conforming loans are available as both fixed and adjustable rate mortgages.

Nonproductive Loan: A loan that increases spending power, but is used in business that does not directly increase the economy's output, such as a leveraged buyout loan.

No Loan, No Commission: A listing agreement requiring that escrow be closed and title transferred before an agent is entitled to a commission.